EBRD mulls lending EUR 5 mln to Kosovo's Banka per Biznes to support SMEs
Photo by Piotr Swat / Shutterstock.com
The European Bank for Reconstruction and Development said on Tuesday it is considering providing a senior unsecured loan of up to EUR 5 million to Kosovo's Banka per Biznes to support the competitiveness of small and medium enterprises (SMEs) in the country.
The potential funding would be used for on-lending to SMEs to upgrade production facilities or for investments that will make their operations compatible with EU standards in areas such as environmental protection, worker safety and product quality, the EBRD said in a project summary document.
At least 60% of the loans would go to investments that support the Green Economy Transition (GET), the EBRD added.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.