{"id":493,"date":"2022-11-23T10:30:27","date_gmt":"2022-11-23T10:30:27","guid":{"rendered":"https:\/\/web-sme-csp.com\/albania\/?p=493"},"modified":"2022-12-02T10:42:05","modified_gmt":"2022-12-02T10:42:05","slug":"ebrd-eu-and-procredit-bank-support-small-businesses-in-albania","status":"publish","type":"post","link":"https:\/\/web-sme-csp.com\/albania\/2022\/11\/23\/ebrd-eu-and-procredit-bank-support-small-businesses-in-albania\/","title":{"rendered":"EBRD, EU and ProCredit Bank support small businesses in Albania"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"493\" class=\"elementor elementor-493\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0487060 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"0487060\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f806f2a\" data-id=\"f806f2a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f0a54c1 elementor-skin-carousel elementor-widget elementor-widget-media-carousel\" data-id=\"f0a54c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;space_between&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:0,&quot;sizes&quot;:[]},&quot;skin&quot;:&quot;carousel&quot;,&quot;effect&quot;:&quot;slide&quot;,&quot;speed&quot;:500,&quot;autoplay&quot;:&quot;yes&quot;,&quot;autoplay_speed&quot;:5000,&quot;loop&quot;:&quot;yes&quot;,&quot;pause_on_hover&quot;:&quot;yes&quot;,&quot;pause_on_interaction&quot;:&quot;yes&quot;,&quot;space_between_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:10,&quot;sizes&quot;:[]},&quot;space_between_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:10,&quot;sizes&quot;:[]}}\" data-widget_type=\"media-carousel.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-swiper\">\n\t\t\t\t\t<div class=\"elementor-main-swiper swiper\" role=\"region\" aria-roledescription=\"carousel\" aria-label=\"Slides\">\n\t\t\t\t<div class=\"swiper-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"swiper-slide\" role=\"group\" aria-roledescription=\"slide\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-carousel-image\" role=\"img\" aria-label=\"small-bussiness\" style=\"background-image: url(&#039;https:\/\/web-sme-csp.com\/albania\/wp-content\/uploads\/sites\/6\/2022\/11\/small-bussiness.jpg&#039;)\">\n\n\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f9cf14e elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f9cf14e\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-53c8b5a\" data-id=\"53c8b5a\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-76f40bb elementor-widget elementor-widget-heading\" data-id=\"76f40bb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">EBRD, EU and ProCredit Bank support small businesses in Albania<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e0bf08d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e0bf08d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-93ee186\" data-id=\"93ee186\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2a3c85e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2a3c85e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-bb73a37\" data-id=\"bb73a37\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-598915c elementor-widget elementor-widget-text-editor\" data-id=\"598915c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>By\u00a0Bojana\u00a0Vlajcic<\/p><p>09 Aug 2022<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-01e45fb\" data-id=\"01e45fb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7c07e26 elementor-widget elementor-widget-text-editor\" data-id=\"7c07e26\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><strong>EBRD\u00a0\u20ac3 million loan for lending to SMEs<\/strong><\/li><li><strong>Additional EU-funded cashback incentive for SMEs worth 15 per cent of the loan amount<\/strong><\/li><li><strong>Supporting a competitive and green economy in Albania<\/strong><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-8311f5e elementor-widget elementor-widget-text-editor\" data-id=\"8311f5e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Small and medium-sized enterprises (SMEs) in\u00a0Albania\u00a0are set to benefit from new financing provided by the European Bank for Reconstruction and Development (EBRD), co-financed by incentive grants from the\u00a0European Union\u00a0(EU).<\/p><p>The bank is extending a \u20ac3 million loan to ProCredit Bank in Albania and the EU is providing \u20ac450,000 in incentive grants to support local enterprise investment aimed at boosting competitiveness. More than half of the total loan amount will finance investments in green technology and energy efficiency.<\/p><p>The loan will improve the availability of funding for SMEs and support them in the current economic environment as they face rising costs. SMEs will be able to apply for funds to invest in an upgrade or extension of their production facilities, new equipment and operations. Enterprises will also have the opportunity to invest in achieving EU standards in the fields of environmental protection, worker safety and product quality and safety, helping them become more competitive.<\/p><p>Participating SMEs are eligible for a grant incentive equivalent to 15 per cent of the loan amount.<\/p><p>The transaction is part of the SME Competitiveness Support Programme in the Western Balkans, which is co-financed by the EU. The initiative focuses on improving the operating and product standards of small companies so that they can compete locally and in the EU market.<\/p><p>The Head of the EU Delegation to Albania, Ambassador Christiane Hohmann sees the initiative as a great opportunity for local SMEs to grow and make their distinctive mark in a regional market. \u201cLet\u2019s ensure that these funds reach those companies that demonstrate core European values in respecting their workers&#8217; safety, quality standards and environmental protection. Considering the current global economic situation, we strongly believe that a 15 per cent incentive can make a difference,\u201d declared Ambassador Hohmann.<\/p><p>Ekaterina Solovova, EBRD Head of Albania, said: \u201cSupporting SMEs through our cooperation with local banks is one of EBRD\u2019s priorities in Albania. We are pleased to build on the already successful partnership between the EBRD and ProCredit and thereby strengthen the competitiveness of local SMEs, boost their access to finance and promote their investment in green technologies and energy efficiency.\u201d<\/p><p>\u201cSustainability is an important element of our business strategy. We are committed to supporting and incentivising our SME clients who are willing to engage in green investment. In this way we contribute to our overall objective of promoting sustainable economic development and have a positive environmental and social impact,\u201d explained the management of ProCredit Bank Albania<\/p><p>To date, the EBRD has committed almost\u00a0\u20ac1.9 billion to projects\u00a0in Albania.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>By\u00a0Bojana\u00a0Vlajcic 09 Aug 2022 EBRD\u00a0\u20ac3 million loan for lending to SMEs Additional EU-funded cashback incentive for SMEs worth 15 per cent of the loan amount Supporting a competitive and green economy in Albania Small and medium-sized enterprises (SMEs) in\u00a0Albania\u00a0are set to benefit from new financing provided by the European Bank for Reconstruction and Development (EBRD), [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":496,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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