U.S. development finance institution to support Serbian SMEs | The Budapest Business Journal on the web

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 BBJ

 Thursday, September 10, 2020, 12:30

The U.S. Worldwide Improvement Finance Company (DFC) plans to introduce a assure scheme for the assist of Serbian small- and medium-sized enterprises (SMEs), the president of Serbia’s Chamber of Commerce, Marko Cadez, says. 

“By the assure scheme, DFC will present SMEs with higher entry to finance; low cost loans, underneath acceptable circumstances, which is a superb assist to corporations and a prerequisite for the expansion and improvement of SMEs,” Cadez stated, as quoted by information portal SeeNews.

DSC may also finance initiatives within the fields of power, meals trade, logistics and excessive applied sciences and can present funding for the development of the Plocnik-Merdare part of a motorway that may hyperlink Serbia’s Nis to Kosovo’s Pristina, Cadez stated.

Furthermore, because of the U.S.-brokered settlement on the normalization of financial relations between Serbia and Kosovo, representatives of DFC will arrive in Belgrade on September 21 to arrange for the opening of an workplace within the Serbian capital.

Serbian President Aleksandar Vučić and Kosovo Prime Minister Avdullah Hoti signed on September four a U.S.-brokered settlement on the normalization of financial relations, committing to develop motorway and railway connectivity, SeeNews notes.

 

 

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