“Talks with EIB on EUR 500mn loan underway”

Serbian Finance Ministry’s State Secretary Aleksandar Ljubić says talks are under way with the European Investment Bank (EIB) on a new EUR 500 million loan.

Izvor: Tanjug

Wednesday, 27.03.2013.

11:51

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BELGRADE Serbian Finance Ministry’s State Secretary Aleksandar Ljubic says talks are under way with the European Investment Bank (EIB) on a new EUR 500 million loan. The loan is intended for small- and medium-sized enterprises (SMEs). Ljubic has therefore confirmed Finance and Economy Minister Mladjan Dinkic's earlier announcement. “Talks with EIB on EUR 500mn loan underway” "The funds will be available to businesses in Serbia very soon," said the state secretary. He said the distribution of budget funds for SMEs was taking place at the planned pace through business banks, and added the ministry had not received any objections in connection with this from either domestic or foreign banks in Serbia. On January 24 the Serbian government approved a program of subsidized liquidity loans, which are available to entrepreneurs and SMEs in 2013. The Finance and Economy Ministry set aside RSD 600mn (around EUR 5.36mn) in this year's budget for this purpose. Business banks are expected to approve around EUR 100mn in loans to small businesses during 2013. The state is subsidizing five percent of the interest on the loans, denominated in euros and dinars. Tanjug

“Talks with EIB on EUR 500mn loan underway”

"The funds will be available to businesses in Serbia very soon," said the state secretary.

He said the distribution of budget funds for SMEs was taking place at the planned pace through business banks, and added the ministry had not received any objections in connection with this from either domestic or foreign banks in Serbia.

On January 24 the Serbian government approved a program of subsidized liquidity loans, which are available to entrepreneurs and SMEs in 2013.

The Finance and Economy Ministry set aside RSD 600mn (around EUR 5.36mn) in this year's budget for this purpose.

Business banks are expected to approve around EUR 100mn in loans to small businesses during 2013.

The state is subsidizing five percent of the interest on the loans, denominated in euros and dinars.

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