Germany to Provide EUR 5 Million in Banking Guarantees to Small and Medium Enterprises in Serbia

Source: Tanjug Thursday, 16.07.2020. 11:06
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German Ambassador to Serbia Thomas Schieb has stated that the German government, through the German development bank KfW, will provide additional banking guarantees, worth EUR 5 million, to small and medium enterprises in Serbia.


As he explained for Newsmax, this will take the form of corporate credits issued by local banks.

– This EUR 5 million will give a financial impulse – Schieb said.
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