100 million Euros to support businesses in FYROM

100 million Euros to support businesses in FYROM

Skopje, June 23, 2014/Independent Balkan News Agency

By Naser Pajaziti

Macedonian Bank for Development Promotion will allocate 100 million Euros to support the business sector in the country.

This was declared today by the director of this state owned bank, Besim Bilalli.

“This month will see the start of the fourth phase of the support for medium and small sized businesses with loans secured by the European Bank for Investments”, declared Bilalli.

According to him, the process has started and the bank is receiving applications from companies. “We’re receiving applications and we will soon issue the list of companies that meet the conditions”, declared the director of the Macedonian Bank for Development Promotion.

Some of the projects offered by companies relate to the opening of new jobs and the increase of production capacities, but there have also been applications for new technological projects. /ibna/