Bloomberg News

Serbia Gets EU100 Million EIB Loan for Small, Medium Businesses

January 24, 2012

Jan. 24 (Bloomberg) -- Serbia received the last 100 million-euro ($130 million) installment of a 250 million-euro loan from the European Investment Bank to finance exports by small- and medium-size businesses.

The funds will be distributed as seven-year loans by banks, chosen by the Luxembourg-based lender, to companies employing as many as 3,000 people, Narodna Banka Srbije said in a statement on its website today.

The EIB approved the 250 million-euro credit line last year and disbursed the first part of 150 million euros.

--Editors: Elizabeth Konstantinova, Douglas Lytle

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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