EUR 10 million for municipalities - MIDF approves loan for UniCredit bank for local infrastructure development
The funds are planned for loans to municipalities and public and privatecompanies which provide services to local self-governance. The funds will beused for construction and modernization of the existing municipal infrastructurein smaller municipalities which traditionally have limited capacity forsustainable infrastructure projects and which have difficulties in gettingloans in commercial banks in Serbia.
Total amount MIDF has is EUR 100 m, and it was set up by the European Bank forReconstruction and Development (EBRD)and German Development Bank (KfW), thanks to generous support of the governmentsof Germany, Switzerland and Austria, the Fund has announced today.
The objective of MIDF is to stimulate the market functioning when it comes to municipalfunding so that long-term sustainability of services which municipalitiesprovide in the West Balkans would be supported.
Apart from that, the Government of Austria will provide municipalities withtechnical assistance in funding and project preparation and implementation.
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
18.04.2024. | Industry, Finance
Here come the new hunters for Serbian gold – Australian Strickland Metals buys mining project on mountain Rogozna
18.04.2024. | Industry, Finance
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
18.04.2024. | Transport
Jovanovic: Purchase of Siemens trams produced in Kragujevac for GSP Beograd should be considered
18.04.2024. | Transport