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New government measures supporting economy to take effect
Belgrade,
18 May 2009
The Ministry of Economy and Regional Development stated that an additional set of economic measures adopted by the government, including an additional RSD 40 billion of subsidised soft loans for solvency, will go into force today.
This will increase the subsidised loans for company solvency to RSD 180 billion.
These loans will be offered at annual interest rates of 3%, while the interest rate for dinar loans will be 10.5% annually.
Soft loans will also be offered for the purchase of construction materials.
The government also decided to double the value of loans to exporters, who will be granted loans up to €4 million.
The total package of incentives includes loans for solvency to the amount of RSD 80 billion, RSD 4 billion of which will be given by the state.
Investments will be boosted by RSD 17 billion, RSD 5 billion of which will be provided by the state.
The state planned RSD 1 billion for consumer loans from the budget, while banks will provide RSD 20 billion.
So far, nearly €300 million of subsidised loans were offered, most of which are for solvency, to the amount of €280 million.
These loans will be offered at annual interest rates of 3%, while the interest rate for dinar loans will be 10.5% annually.
Soft loans will also be offered for the purchase of construction materials.
The government also decided to double the value of loans to exporters, who will be granted loans up to €4 million.
The total package of incentives includes loans for solvency to the amount of RSD 80 billion, RSD 4 billion of which will be given by the state.
Investments will be boosted by RSD 17 billion, RSD 5 billion of which will be provided by the state.
The state planned RSD 1 billion for consumer loans from the budget, while banks will provide RSD 20 billion.
So far, nearly €300 million of subsidised loans were offered, most of which are for solvency, to the amount of €280 million.
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