EBRD to allocate between €1.3bn and €1.5bn billion to Western Balkans

NEWS 15.04.2020 20:39
Source: Pixabay (ilustracija

The European Bank for Reconstruction and Development (EBRD) will assign between €1.3bn and €1.5bn billion to Western Balkans, including some €700–750 million to Serbia, EBRD's Director for Western Balkans, Zsuzsanna Hargitai, told N1 on Wednesday.

Some 40 percent of that money will be in support of the companies to deal with the situation caused by the corona pandemic.

Local companies can count on €400 million, while small, middle-size and big companies can apply for loans.

Credit conditions will depend on the economic sectors and risks. Loans for current assets will be for two or three years period, while for investments, the repayment period will be seven years.

State-owned companies in Serbia can count on €150 million.

“We plan €150 million for public enterprises. We have projects in capital investments that are being prepared. We are also in contact with local communal companies to credit their current assets if need be,” Hargitai said.