EBRD to approve 250m EUR for Western Balkans

European Bank for Rehabilitation and Development (EBRD) has announced approval of credit line in amount of 250m EUR as a support to development of micro, small and mid-sized enterprises on Western Balkans.

According to web site www.ebrd.com, the Board of MAnagers of EBRD will discuss approval of that credit line to financial institutions in Serbia, Montenegro, Bosnia and Herzegovina, Macedonia, Croatia, Albania and Kosovo at the meeting on May 12th.

The aim of the project is to strengthen crediting of small and mid-sized enterprises and enable further development of mortgage loans, leasing, factoring services, that is, repayment of short-term debts, as well as development of insurance services.