The Italian government’s loan will support the development of private companies in Serbia and have terms including a repayment period of eight years, a two-year grace period, and a 6.5 percent annual interest rate.
The condition for approving these types of loans is that at least 70 percent of the procured equipment, spare parts and technology originate from Italy.
The loans will be awarded through banks Delta, Eksim and Komercijalna, the statement reads.
The Italian government has approved a 17-year loan, and payment instalments will form a fund that will award new loans under the same terms.
The financial loan agreement with the Italian government was signed by Serbian Minister of Finance Mladjan Dinkic, National Bank of Serbia Governor Radovan Jelasic and representative of Artigiancassa Carlo Lachinese.