By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: EBRD supporting real Economy in Bosnia and Herzegovina with Five Million Euros
Share
Aa
Sarajevo Times
Aa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > BUSINESS > EBRD supporting real Economy in Bosnia and Herzegovina with Five Million Euros
BUSINESS

EBRD supporting real Economy in Bosnia and Herzegovina with Five Million Euros

June 24, 2020
Share
SHARE

 

Micro and small enterprises in Bosnia and Herzegovina will be able to draw on support from Mikrofin d.o.o. Banja Luka to overcome the economic impact of the coronavirus pandemic, thanks to a €5 million loan provided by the European Bank for Reconstruction and Development (EBRD).

The financing will be used to offer short-term liquidity to micro enterprises and small-scale farmers. Bosnia and Herzegovina has been hit hard by the economic impact of the crisis. Despite progress in the lifting of public health measures many businesses face unprecedented challenges.

Helping enterprises to overcome the crisis is the goal of the EBRD’s €4 billion Resilience Framework designed to provide existing clients with liquidity support and short-term capital. It is part of the Bank’s Solidarity Package, which also includes trade finance and the restructuring of exposures. The EBRD is dedicating all of its work in 2020-21 to combating the economic impact of Covid-19 and expects to invest up to €21 billion in this period.

Mikrofin is the largest microfinance institution in Bosnia and Herzegovina and operates branches throughout the country. CEO Mladen Bosnić said: “We have a long and successful cooperation with the EBRD and we are looking forward to continuing our work towards the same goal, which is providing support to entrepreneurs in Bosnia and Herzegovina. The new financing will enable Mikrofin to extend new loans to micro and small-business entrepreneurs who we consider to be the most inventive and productive segment of our economy. It is important to mention that this loan was negotiated during the Covid-19 crisis, which confirms the EBRD’s strong commitment to supporting small businesses now that they need it more than ever.”

Manuela Naessl, EBRD Head of Bosnia and Herzegovina, added: “I am very pleased with our loan to Mikrofin today, which will support micro and small companies and strengthen their resilience to the negative impact of the coronavirus pandemic on their businesses.”

Since it began operations in Bosnia and Herzegovina in 1996, the EBRD has invested €2.6 billion in 177 projects there.

 

You Might Also Like

The EU submitted a Report on the Conditions for the Export of Red Meat from BiH

Republika Srpska Entity is negotiating on strengthening Economic Cooperation with Russia

Stoltenberg: We are ready to Increase political and practical Support for BiH

BiH Police arrested One Person who admitted Causing Fire Eleven Times

Lagumdzija: Maximum Lobbying is needed so that BiH does not receive harmful Changes

TAGGED: #banjaluka, #BiH, #EBRD, #economy, #loan, #money, #RS, BUSINESS
Y.Z June 24, 2020
Share this Article
Facebook Twitter Whatsapp Whatsapp Telegram Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Quick Response 2020 Exercise and Cooperation with Bosnian Armed Forces will benefit for Everyone
Next Article Members of Ministry of Interior conduct Several Raids in Northern Bosnia
Leave a comment Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2k Followers Like
10.1k Followers Follow
414 Followers Follow

Latest News

The EU submitted a Report on the Conditions for the Export of Red Meat from BiH
August 10, 2022
Republika Srpska Entity is negotiating on strengthening Economic Cooperation with Russia
August 10, 2022
80.000 BAM allocated for the Renovation of the ”Udrim” Monastery
August 10, 2022
Institute for Research of Genocide Canada sends an Open Letter to Calgary Mayor Jyoti Gondek
August 10, 2022
Stoltenberg: We are ready to Increase political and practical Support for BiH
August 9, 2022
Introducing the programme Dealing with the Past of the 28th SFF
August 9, 2022
BiH Police arrested One Person who admitted Causing Fire Eleven Times
August 9, 2022
Lagumdzija: Maximum Lobbying is needed so that BiH does not receive harmful Changes
August 9, 2022
BiH records Decrease in Unemployment
August 9, 2022
The Arrangement of the Stojcevac Picnic Area continued
August 9, 2022

You Might also Like

BH & EU

The EU submitted a Report on the Conditions for the Export of Red Meat from BiH

August 10, 2022
BUSINESS

Republika Srpska Entity is negotiating on strengthening Economic Cooperation with Russia

August 10, 2022
POLITICS

Stoltenberg: We are ready to Increase political and practical Support for BiH

August 9, 2022
OTHER NEWSOUR FINDINGS

BiH Police arrested One Person who admitted Causing Fire Eleven Times

August 9, 2022
Sarajevo Times
Follow US

© 2012 Sarajevo Times. All Rights Reserved.

  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT

Removed from reading list

Undo
Go to mobile version
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?