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A:
Development Fund approves first investment loan
Belgrade,
10 April 2009
The Ministry of Economy and Regional Development stated that the Development Fund today approved the first investment loan according to the government’s package of measures for mitigating the effects of the global financial crisis and the decree on subsidised investment loans for 2009.
The statement specifies that the company Kosa Trejd from Veternik has received a RSD 4,320,000 loan for the purchase of a commercial building and the reconstruction and equipping of a distribution centre in Nis, adding that the overall investment is worth RSD 14,400,000.
The Development Fund has earmarked 30% of the money and Erste Bank has set aside a RSD 10,800,000 loan, i.e. 70 % of the overall investment.
This investment will employ 10 workers, concludes the statement.
The Development Fund has earmarked 30% of the money and Erste Bank has set aside a RSD 10,800,000 loan, i.e. 70 % of the overall investment.
This investment will employ 10 workers, concludes the statement.
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