EBRD, EU credit line for Serbian SMEs

A press release said that 120 million Euro will be secured to finance SMEs in the Western Balkans with expectations of the financing reaching 400 million Euro in the next few years.

“The programme is regional and supported by grants from the EU via the Instrument for Pre-accession Assistance under the Western Balkans Investment Framework (WBIF). The EU is providing €24.94 million (split into €19.45 million for investment incentives for SMEs and €4.9 million for technical assistance) to support €120 million of EBRD credit lines. The programme will encourage the competitiveness of SMEs by helping eligible Serbian businesses to access finance for investments that meet EU and international standards,” the press release said.

It said the funding will focus on green economy investments, including energy efficiency, resource efficiency and renewable energy investments.

The SME Go Green programme was launched at an event dedicated to the EBRD’s and EU’s support for SMEs in Serbia.
During the event, a €5 million loan agreement was signed with NLB Komercijalna banka under the SME Go Green Programme.