Bosnia's Serb Republic to launch EUR 100 mln Hungary-backed fund for SMEs

Int’l Relations

Bosnia's Serb Republic will launch a EUR 100 million fund backed by Hungary for small and middle-sized enterprises (SMEs), Bosnian media reported cited by news portal SeeNews.

SMEs in the Serb Republic would be able to benefit from grants that will facilitate their operations and improve market competitiveness, business news provider Capital reported on Thursday, citing Radovan Višković, prime minister of the Serb Republic.

The fund is expected to be launched by the end of 2021. The Serb Republic is one of two autonomous entities that form Bosnia and Herzegovina. The other one is the Federation. 

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