EBRD and EU to increase finance for SMEs in Western Balkans

The European Bank for Reconstruction and Development and the European Union are increasing their support for small and medium-sized enterprises in the Western Balkans with the provision of additional financing, following the outbreak of the coronavirus pandemic. 

The bank will provide up to €70 million in new credit lines to partner financial institutions for on-lending to local businesses in Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia. The EU is complementing these funds with €15 million to identify and verify the best available equipment and technologies to ensure that SMEs increase their competitiveness and support the shift towards a green economy.