Eurobank’s support to small- and medium-sized enterprises and entrepreneurs in procuring new production equipment
22 April 2021.
Eurobank is implementing the Program of Support to Small- and Medium-Sized Enterprises and Entrepreneurs in Equipment Procurement in cooperation with the Ministry of Economy and the Development Agency of Serbia this year, as well.
Procurement of new equipment includes a grant in the amount of 25% of a net value of the production equipment procurement, whereas 5% of that value is to be provided by entrepreneurs and enterprises in the form of down payment. The remaining 70% of the equipment value is provided by Eurobank, via loans with tenor of up to 60 months and a mandatory grace period of six months.
‘From the beginning of is operations in Serbia, Eurobank has been highly focused on supporting the sector of small- and medium-sized enterprises. We perceive it as a vital field for enhancing competitiveness of the local economy and generating new jobs, and its strengthening is particularly important now, in these challenging times. We aim to help entrepreneurs and enterprises in improving and developing their business, and that is the main reason why we have continuously been participating in the Program of Support to Small- and Medium-Sized Enterprises and Entrepreneurs in Equipment Procurement for years’ - said Dušan Mihailović, a member of the Executive Board in Eurobank.
Funds from the Program of Support, in the total amount of 1.55 billion dinars, will be allocated for co-financing the procurement of new equipment and equipment directly engaged in the process of producing exchangeable goods and performing construction works. Interested legal entities are invited to apply until all the funds at disposal are allocated, by 31/12/2021 at the latest. A support amount depends on a number of employees in an enterprise, with an obligation of maintain current number of employees.
The Ministry of Economy and the Development Agency of Serbia in cooperation with Eurobank implemen the Program of Support to Small- and Medium-Sized Enterprises in Equipment Procurement, aimed at enhancing competitiveness of legal entities, improving their business internationalisation, and technological production processes, supporting employment, increasing revenue and