EBRD to boost competitiveness of small businesses in N. Macedonia
New financing by the European Bank for Reconstruction and Development (EBRD) will contribute to boosting the competitiveness of local small and medium-sized enterprises (SMEs) in North Macedonia.
The EBRD is providing a loan of up to EUR 2.5 million to Komercijalna Banka AD Skopje for on-lending to local businesses for investments in production facilities and compliance with EU Directives in the fields of environmental protection, workers' safety and product quality and safety, the European bank said in a statement.
In addition to loans, SMEs benefit from tailor-made technical assistance and know-how for project preparation and implementation, as well as grant incentives worth up to 15% of the total loan amount on successful project completion. The technical assistance and grants are funded by the European Union's Western Balkans Enterprise Development and Innovation Facility (WB EDIF).
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.