EBRD, EU and GIZ support digitalization of SMEs in Bosnia

Banking

The European Bank for Reconstruction and Development and the European Union are stepping up support for small and medium-sized businesses (SMEs) in Bosnia and Herzegovina by launching the Go Digital program in the country, the EBRD announced.

The program was launched Thursday with an event held in Sarajevo at Greenpark by Symphony, one of the most successful IT companies in Bosnia.

The new program aims to help SMEs invest in the digitalization of their businesses, alongside other investments to improve productivity, operational efficiency and resilience.

The aim of the program is to render SMEs more productive and foster environmental sustainability, as at least 60% of the loan proceeds will be used to finance investments in green technologies. The EU's current IPA assistance to support the green and digital transition amounts to some EUR 50 million, and target SMEs in particular. 

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