Italian credit line to assist MSMEs through the domestic banking sector and support local economic development through public utility companies

✦The credit line was approved on the basis of an agreement between the governments of the Republic of Italy and the Republic of Serbia.✦The amount of the credit line is 30,000,000 Eur✦The main goals to be achieved by implementing this arrangement are:Supporting the development of the private sector and strengthening micro, small and medium-sized enterprises and entrepreneursImproving basic services provided by public utility companies WHO CAN BE A USER OF THE FUNDS:Micro, small and medium enterprises and entrepreneurs∙ registered in Serbia, which have been operating for at least 2 years in the sectors identified for financing∙ newly founded companies that are 100% owned by citizens of SerbiaPublic utility companiesPURPOSE FUNDS:Minimum 70% loan∙ to finance the purchase of goods and services of Italian origin, such as: equipment, technology,technical assistance, maintenance, industrial licensesMaximum 30% loan∙ to cover local costs, such as: equipment, raw materials, spare parts, services∙ working capital necessary for the needs of investment projects∙ contracts with domestic domestic suppliers or Serbian construction companiesSECTOR DEFINED FOR FINANCING - MSME AND ENTREPRENEURSAgricultureConstructionElectricityTelecommunicationsTextile IndustryMechanical EngineeringChemical productsHealthServicesEnergyManufacturingTransportTourismLOAN AMOUNTS FOR MSME AND ENTREPRENEURS:MICRO ENTERPRISES AND ENTREPRENEURS EUR 5,000 - 1,000,000 EurSMALL AND MEDIUM-SIZED ENTERPRISES 50,000 Eur - 1,000,000 EurSECTOR DEFINED FOR FINANCING - PUBLIC ENTERPRISES:Road construction and maintenanceWater supplyWaste management ◦Public lighting◦Business incubators◦Tourist infrastructure ◦Sewage network◦Public transport◦Industrial zones and parksAMOUNT OF LOANS FOR PUBLIC UTILITY COMPANIES150,000 Eur - 2,000,000 EurTERMS UNDER WHICH LOANS ARE GRANTEDLoan currency ______________ EurEffective interest rate ______ maximum 4.35 per annumGrace period _______________ maximum 2 yearsRepayment period ______________ up to 8 years, in semi-annual installmentsBANKS THROUGH WHICH THIS CREDIT LINE CAN BE ACCESSED:BANK INTESACAČANSKA BANKAERSTE BANKA ◦EUROBANK EFG◦JUBMES BANKA◦KBM BANKA◦KOMERCIJALNA BANKA◦SBERBANK SERBIA◦UNIKREDIT BANK SERBIASITES FOR HELP: id="">economico.belgrado@esteri.it - economic department of the Embassy of Italy in Belgrademarko.leone@esteri.it development projects of the Embassy of Italy in Belgradewww.italiancreditlineserbia.org - site of Italian Credit Lines