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Serbia: European Union provides €160 million for the sustainable growth of SMEs through EIB Global, Banca Intesa and Intesa Leasing partnership
To spur growth, employment, and the green transition, the European Union has provided a €160 million financial package to support Serbian businesses. This initiative, which was announced today at a ceremony in Belgrade, is the result of a partnership between EIB Global of the European Investment Bank (EIB), and Banca Intesa and Intesa Leasing, as part of a wider collaboration with Intesa Sanpaolo, a banking group leading in Europe. The funds will be available at favourable terms to small and medium-sized enterprises (SMEs) and mid-caps in order to address their working capital and investment needs, as well as to boost green investments in renewable energy, clean transportation and energy efficiency projects. This support will benefit around 240 companies and protect around 25 000 jobs, thus driving climate resilience and competitiveness in the local economy.
Serbia: EU and its bank EIB Global provide €96 million to modernise electricity distribution network and improve waterborne transport
During his first visit to Serbia, the European Investment Bank (EIB) Vice-President, responsible for the Western Balkans, Robert de Groot attended the signature ceremony for an €80 million loan with Elektrodistribucija Srbije d.o.o (EDS), Serbia’s electricity distribution company, to replace obsolete electromechanical metering devices with around 400 000 smart meters. As part of a wider electricity grid modernisation programme, the installation of new smart meters will help the distribution system operator reduce electricity losses, improve collection rates and facilitate the integration of renewables in the near future. The signature ceremony was attended by the Minister of Mining and Energy Dubravka Đedović Handanović, Business Systems Director of EDS Vjekoslav Bobar, and State Secretary for the Ministry of Finance Ana Tripović.
Serbia: EIB Global and Banca Intesa Beograd to boost Serbian companies’ access to finance and green investments with a €100 million credit line
EIB Global, the arm of the European Investment Bank (EIB) devoted to activities outside the European Union, and Banca Intesa Beograd, a member of the Intesa Sanpaolo international banking group, have signed a €100 million credit line aiming to enhance access to finance for small and medium enterprises (SMEs) and mid-caps in Serbia and support private sector-led green projects. Made available on favourable terms, including longer maturities, the funds will enable companies to address their liquidity and investment needs amid consecutive challenges, while increasing their capacity to generate jobs, scale up and decarbonise their businesses. Overall, this credit line will boost the resilience of the Serbian economy, increase its competitiveness and support employment.