{"id":1322,"date":"2021-07-09T08:19:56","date_gmt":"2021-07-09T08:19:56","guid":{"rendered":"https:\/\/web-sme-csp.com\/republic-north-macedonia\/?p=1322"},"modified":"2021-07-09T09:48:10","modified_gmt":"2021-07-09T09:48:10","slug":"ebrd-and-eu-to-boost-competitiveness-of-small-businesses-in-north-macedonia","status":"publish","type":"post","link":"https:\/\/web-sme-csp.com\/republic-north-macedonia\/2021\/07\/09\/ebrd-and-eu-to-boost-competitiveness-of-small-businesses-in-north-macedonia\/","title":{"rendered":"EBRD and EU to boost competitiveness of small businesses in North Macedonia"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1322\" class=\"elementor elementor-1322\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d5f3fb5 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"d5f3fb5\" 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role=\"group\" aria-roledescription=\"slide\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-carousel-image\" role=\"img\" aria-label=\"westernbalkan\" style=\"background-image: url(&#039;https:\/\/web-sme-csp.com\/republic-north-macedonia\/wp-content\/uploads\/sites\/5\/2019\/04\/westernbalkan.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-d24b0cc elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d24b0cc\" 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-5836c46\" data-id=\"5836c46\" 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-516333b elementor-widget elementor-widget-heading\" data-id=\"516333b\" 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 and EU to boost competitiveness of small businesses in North Macedonia<\/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-d913b9e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d913b9e\" 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-75ec778\" data-id=\"75ec778\" 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-e2c9bd6 elementor-widget elementor-widget-text-editor\" data-id=\"e2c9bd6\" 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 style=\"list-style-type: none;\">\u00a0<\/li><\/ul><div class=\"article-contact\"><p>By\u00a0<a href=\"mailto:reiserea@ebrd.com\">Axel \u00a0Reiserer<\/a><\/p><\/div><div class=\"article-date\"><p>30 Mar 2021<\/p><\/div><ul><li style=\"list-style-type: none;\"><ul><li><strong>EBRD loan of up to \u20ac2.5 million to Komercijalna Banka AD Skopje<\/strong><\/li><li><strong>Sub-loans to small businesses to boost competitiveness<\/strong><\/li><li><strong>EU grants will support progress of local economy<\/strong><\/li><\/ul><\/li><\/ul><p>New financing by the European Bank for Reconstruction and Development (EBRD) will contribute to boosting the competitiveness of local small and medium-sized enterprises (SMEs) in<a href=\"https:\/\/www.ebrd.com\/north-macedonia.html\">\u00a0North Macedonia.<\/a><\/p><p>The EBRD is providing a loan of up to \u20ac2.5 million to\u00a0<a href=\"https:\/\/www.kb.com.mk\/\">Komercijalna Banka AD Skopje<\/a>\u00a0for on-lending to local businesses for investments in production facilities and compliance with EU Directives in the fields of environmental protection, workers\u2019 safety and product quality and safety.<\/p><p>In addition to loans, SMEs benefit from tailor-made technical assistance and know-how for project preparation and implementation, as well as grant incentives worth up to 15 per cent of the total loan amount on successful project completion. The technical assistance and grants are funded by the\u00a0<a href=\"http:\/\/www.wbedif.eu\/about-wbedif\/\">European Union\u2019s Western Balkans Enterprise Development and Innovation Facility<\/a>\u00a0(WB EDIF).<\/p><p>Raising competitiveness will improve companies\u2019 opportunities not only on the local market, but also internationally. At the same time, customers will benefit from improved product quality and wider choice.<\/p><p>Komercijalna Banka AD Skopje is the largest bank in North Macedonia and previously received a \u20ac5 million loan under the EBRD Western Balkans\u00a0<a href=\"https:\/\/web-sme-csp.com\/republic-north-macedonia\/en\/\">SME Competitiveness Support Programme<\/a>\u00a0in 2018, a programme supported by funding from the European Union (EU). This financing has been successfully deployed and in the face of the coronavirus pandemic new funds are now needed more than ever.<\/p><p>Andi Aranitasi, EBRD Head of North Macedonia, said: \u201cWe are very pleased to renew our relationship with Komercijalna Banka AD Skopje, our long-standing and trusted partner, for the benefit of the local economy. This programme offers local SMEs support to reach the EU standards in three key areas: environmental protection, health and safety, and product quality. The new funding will facilitate access to much-needed finance for small businesses, which is key for economic recovery in these challenging times. It will also make these businesses more competitive and resilient and allow them to integrate better into the regional and European value chains.\u201d<\/p><p>Ambassador David Geer, Head of the EU Delegation to North Macedonia, said: \u201cSMEs are the backbone of every economy and critical for innovation, competitiveness and job creation. The European Union will continue to provide support for the sector in North Macedonia through the Western Balkans Enterprise Development and Innovation Facility in order to help accelerate economic recovery, prepare for the green and digital transitions, and ultimately the full participation of SMEs in the EU\u2019s single market upon accession.\u00a0We particularly want to encourage partners from the Western Balkans 6 to use the opportunities provided by the Common Regional Market to work towards these goals.\u201d<\/p><p>Maja Stevkova Shterieva, Chief Financial Officer and Member of the Board of Directors of Komercijlana Banka AD Skopje, said: \u201eThe SME sector as a whole is very important to the economy of our country. We are very pleased that, in this very challenging period due to Covid-19 and in partnership with EBRD and EU, we can provide SMEs with additional support through a new loan that has uniquely favourable conditions and a grant component. We believe this loan will also provide them with useful support to embrace new trends and technologies and to create new jobs\u201c.<\/p><p>The EBRD is a major institutional investor in North Macedonia. To date, it has invested \u20ac2 billion through 140 projects in the country. The Bank focuses on the expansion of the local private sector, the promotion of regional and international integration and the sustainable use of resources in the country.<\/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>New financing by the European Bank for Reconstruction and Development (EBRD) will contribute to boosting the competitiveness of local small and medium-sized enterprises (SMEs) in North Macedonia.<br \/>\n<br \/>\n<a href=\"\/republic-north-macedonia\/en\/2021\/07\/09\/ebrd-and-eu-to-boost-competitiveness-of-small-businesses-in-north-macedonia\/\" class=\"elementor-button cust-button\" role=\"button\">Read More<\/a><a href=\"#\" class=\"elementor-button cust-button\" role=\"button\">Download<\/a><\/p>\n","protected":false},"author":1,"featured_media":339,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1322","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 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EBRD and EU to boost competitiveness of small businesses in North Macedonia - web-sme-csp.com Republic_North_Macedonia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/web-sme-csp.com\/republic-north-macedonia\/en\/2021\/07\/09\/ebrd-and-eu-to-boost-competitiveness-of-small-businesses-in-north-macedonia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD and EU to boost competitiveness of small businesses in North Macedonia - web-sme-csp.com Republic_North_Macedonia\" \/>\n<meta property=\"og:description\" content=\"New financing by the European Bank for Reconstruction and Development (EBRD) will contribute to boosting the competitiveness of local small and medium-sized enterprises (SMEs) in North Macedonia. 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