{"id":805,"date":"2021-10-28T14:37:15","date_gmt":"2021-10-28T14:37:15","guid":{"rendered":"https:\/\/web-sme-csp.com\/serbia\/?p=805"},"modified":"2022-12-02T10:42:54","modified_gmt":"2022-12-02T10:42:54","slug":"ebrd-and-eu-boost-competitiveness-of-small-and-medium-businesses-in-serbia","status":"publish","type":"post","link":"https:\/\/web-sme-csp.com\/serbia\/ebrd-and-eu-boost-competitiveness-of-small-and-medium-businesses-in-serbia\/","title":{"rendered":"EBRD and EU boost competitiveness of small and medium businesses in Serbia"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"805\" class=\"elementor elementor-805\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-88c545c elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"88c545c\" 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-32f1ceb\" data-id=\"32f1ceb\" 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-ddcb40c elementor-skin-carousel elementor-widget elementor-widget-media-carousel\" data-id=\"ddcb40c\" 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=\"boost competitiveness\" style=\"background-image: url(&#039;https:\/\/web-sme-csp.com\/serbia\/wp-content\/uploads\/sites\/8\/2021\/10\/boost-competitiveness.png&#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-e9a2c8b elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e9a2c8b\" 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-3e7c0d7\" data-id=\"3e7c0d7\" 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-309871c elementor-widget elementor-widget-heading\" data-id=\"309871c\" 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 boost competitiveness of small and medium businesses in Serbia<\/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-f1868a6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f1868a6\" 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-e19d09c\" data-id=\"e19d09c\" 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-f76ed7c elementor-widget elementor-widget-text-editor\" data-id=\"f76ed7c\" 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;\"><ul><li><strong>\u20ac5 million loan to Erste Bank Serbia for on-lending to local SMEs<\/strong><\/li><li><strong>Loans to small and medium businesses to boost competitiveness<\/strong><\/li><li><strong>EU grants to make financing more affordable<\/strong><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b12f5d5 elementor-widget elementor-widget-text-editor\" data-id=\"b12f5d5\" 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>The European Bank for Reconstruction and Development (EBRD) is extending a \u20ac5 million loan to <a href=\"https:\/\/www.erstebank.rs\/sr\/Stanovnistvo\">Erste Bank Serbia<\/a> to support the competitiveness of small and medium-sized enterprises (SMEs) in the country.<\/p><p>The funding, which will be channelled by Erste Bank to local SMEs, will support local small businesses to reach best industry standards and implement <a href=\"https:\/\/www.ebrd.com\/who-we-are\/structure-and-management\/shareholders\/european-union.html\">European Union<\/a> (EU) directives. The aim is to encourage SMEs to invest in upgrades in three key areas: environmental protection, health and safety and product quality.<\/p><p>Participating SMEs will also have access to tailor-made advice and know-how for introducing and implementing standards and directives to make them more competitive in EU markets. They will also benefit from grant incentives worth up to 15 per cent of the total loan amount on successful project completion. Advisory support and grants are both funded by the European Union.<\/p><p>The credit line is part of a wider EBRD-EU initiative, which encourages SMEs across the Western Balkans to invest in projects that improve their competitiveness in local and external markets.<\/p><p>The programme is implemented in cooperation with the <a href=\"https:\/\/privreda.gov.rs\/\">Ministry of Economy<\/a> of Serbia. In close coordination with the Ministry of Economy, the European Union has approved an additional \u20ac10 million in Instrument for Pre-Accession Assistance (IPA) funding for the EBRD&#8217;s SME Competitiveness Programme in the country.<\/p><p>Aleksandra Vukosavljevi\u0107, EBRD Director, Financial Institutions, Western Balkans and Eastern Europe, said: \u201cWe are very pleased to step up our support for SMEs in Serbia together with our long-standing partner Erste Bank Serbia. The new funding will facilitate access to well-structured finance for small businesses, helping them to become more competitive and allow them to integrate better into regional and European value chains.\u201d<\/p><p>Slavko Cari\u0107, Chairman of the Executive Board of Erste Bank Serbia, stated: \u201cSmall and medium-sized enterprises are the growth engine of economic development and therefore we are very glad that, thanks to the partnership with the European Bank for Reconstruction and Development, we will be able to provide them with easier access to finance in order to improve their business. Funds from this credit line are intended for existing and potential clients who want to harmonize their products and services with the standards of the European Union and implement EU directives, which will enable them to be competitive in that market as well. &#8220;<\/p><p>Emanuele Giaufret, Head of the EU Delegation to Serbia, stated:\u00a0 \u201cEU-funded projects in Serbia promote job creation, economic and technological development and legislative framework improvement, all of which contribute to an improved economic landscape. The businesses themselves of course also benefit from our assistance and this programme is just another proof of this since it is \u00a0boosting SME competitiveness and trade capacity through compliance with priority EU Directives \u00a0in environmental, occupational health and safety as well as product quality and safety standards. We are glad to be partnering with the banks to empower the businesses and to help them to access capital.\u201d<\/p><p>Erste Bank in Serbia is a member of the Erste Group, one of the leading financial institutions in Central and Eastern Europe. The Bank puts support for the SME sector as a strategic goal in creating sustainable growth.<\/p><p>The EBRD is a leading institutional investor in Serbia. The Bank has invested more than \u20ac6.9 billion across 293 projects in the country to date. The EBRD is <a href=\"https:\/\/www.ebrd.com\/news\/2018\/ebrd-approves-new-fiveyear-strategy-for-serbia.html\">focusing<\/a> on private-sector development, improving public utility services and the overall transition to a green economy.<\/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>The European Bank for Reconstruction and Development (EBRD) is extending a \u20ac5 million loan to Erste Bank Serbia to support the competitiveness of small and medium-sized enterprises (SMEs) in the country.<br \/>\n<br \/>\n<a href=\"\/serbia\/ebrd-and-eu-boost-competitiveness-of-small-and-medium-businesses-in-serbia\/\" 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":809,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EBRD and EU boost competitiveness of small and medium businesses in Serbia - web-sme-csp.com Serbia<\/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\/serbia\/ebrd-and-eu-boost-competitiveness-of-small-and-medium-businesses-in-serbia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD and EU boost competitiveness of small and medium businesses in Serbia - web-sme-csp.com Serbia\" \/>\n<meta property=\"og:description\" content=\"The European Bank for Reconstruction and Development (EBRD) is extending a \u20ac5 million loan to Erste Bank Serbia to support the competitiveness of small and medium-sized enterprises (SMEs) in the country. 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