EBRD supports businesses in North Macedonia
Photo by ColorMaker / Shutterstock.com
The European Bank for Reconstruction and Development (EBRD) is providing a EUR 20 million loan to Sparkasse Bank Makedonija for on-lending to local private businesses and corporates affected by the economic impact of the coronavirus pandemic, the EBRD said in a statement.
Sparkasse Bank Makedonija branch in the central district of Skopje, the capital of North Macedonia. Photo by ColorMaker / Shutterstock.com
Less dependent on tourism than other countries in the Western Balkans, North Macedonia’s economy is strongly influenced by manufacturing and trade.
New financing is vital to mitigate the current crisis and through Sparkasse Bank Makedonija the EBRD will be able to assist viable companies in need of support, the European Bank for Reconstruction and Development said in the statement.
Angela Saliba Appointed New Multi-Property GM of Marriott Hu...
EC Reconsiders Some CAP Provisions
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.
