News

First Effects of Cooperation with DFC in November – Several Billion Euros for SMEs

Sunday, 27. Sep 2020.

The first effects of the cooperation with the office of the U.S. International Development Finance Corporation (DFC) in Belgrade will be visible in November, namely, several billion euros for small and medium enterprises.

This was stated by Serbian Finance Minister Sinisa Mali and the president of the Chamber of Commerce of Serbia (CCIS), Marko Cadez.

Mali said that the first effects of the cooperation with the DFC would be visible in November and that, with the arrival of the DFC, Serbia had gotten three key things – a new guarantee scheme, support for micro, small and medium enterprises and an invitation to American investors to come to the country.

– Were talking billions of euros, and this has been confirmed. So, we dont yet know what the exact amount is, because a lot depends on us and our projects, as well as on our companies, but it is certainly a huge amount of money – Mali said in his interview for Kurir.

The minister expressed his conviction that more concrete agreements would follow not long after, considering the fact that, according to him, the Americans work fast and are efficient and that the office opened two and a half weeks after the signing of the Washington agreement.

– The plan is to get concrete propositions for the guarantee scheme and for support to micro and small enterprises by the end of the next week. If those propositions are acceptable, with potential slight adjustments, we can start adopting the necessary documents relatively quickly – he said.

Cadez stated that, with the opening of the DFC office in Belgrade, the realization of the Washington agreement on the normalization of the economic relations between Belgrade and Pristina had practically started.

– This will soon bring apparent, concrete benefits to the economy. The first money from the American funds, as announced, might become available in late November and it would be available to those who need it the most at the moment – small and medium enterprises – Cadez said in his interview for Novosti.

When asked whether everything was arranged for the opening of a CCIS office in Jerusalem, Cadez answered that the premises at the Margalit Startup City in Jerusalem would become available to the CCIS on October 1.

– We are working fast with the Government of Serbia on specifying all the formal-legal and technical details and carrying out all the necessary procedures for the opening of a joint office that would deal with the development of the economic ties with Israel, especially cooperation in the field of innovations – Cadez said.


Source: eKapija

30. Okt 2020.
Galerija Belgrade, Largest Shopping Mall in the Region on 300,000 Square Meters, Opens

30. Okt 2020.
Nine Hungarian Companies to Invest EUR 75 Million in Serbia

29. Okt 2020.
Air Serbia Recommencing Moscow Flights

28. Okt 2020.
State Inviting Letters of Interest for Privatization of Juzni Banat

27. Okt 2020.
New Infrastructure at Belgrade Nikola Tesla Airport Passes Strictest Tests

27. Okt 2020.
First Two PEPCO Stores in Belgrade Opened

25. Okt 2020.
Business Space in Kralja Petra Street in Belgrade up for Sale

23. Okt 2020.
Interest Rates for Dinar and FX Corporate Loans Equalized

22. Okt 2020.
PKC Wiring Systems Planning Employment of 300 Workers in Smederevo – New Facility to be Completed So

22. Okt 2020.
Tender for Preparation of Documentation for Hemijski Park Prahovo Opens

20. Okt 2020.
Belje to Take Over Production from Meggle?

20. Okt 2020.
Mineco Group: Mineco has taken the first step towards opening a new lead and zinc mine in the Raška

16. Okt 2020.
Qatar Airways to Introduce Dreamliner on Belgrade Line

15. Okt 2020.
VUCIC: Serbia Wants New Arrangement with IMF

14. Okt 2020.
Third Quarter at Belgrade Airport Sees 77% Passengers Less Than Last Year

13. Okt 2020.
New Facility Opens at Prva Iskra Baric

13. Okt 2020.
Aeroflot Relaunches Regular Flights Between Moscow and Belgrade

12. Okt 2020.
Request for Payment of Third Tranche of EU Support of EUR 8 Million Sent

09. Okt 2020.
NBS Revises Projection of Real Growth of GDP for 2020 – “Serbias economic result to be -1.0%, maybe

09. Okt 2020.
Zlatar Spa Complex in Nova Varos up for Sale Again

08. Okt 2020.
NBS: Key Policy Rate Kept at 1.25%

08. Okt 2020.
Galvano-Proizvod Company up for Sale – Offer Includes Successful Business and Office

08. Okt 2020.
CTP Invest Becomes Leader on the Serbian Industrial Real Estate Market

07. Okt 2020.
EC Adopts Investment Plan for Western Balkans Worth EUR 9 Billion

06. Okt 2020.
Parcels for Construction of Facilities in Industrial Zone East in Sremska Mitrovica up for Sale

05. Okt 2020.
EBRD to Support Mini Schengen and Other Initiatives

04. Okt 2020.
European Central Bank Plans to Test Digital Euro

04. Okt 2020.
Serbia Gets EUR 1.613 Billion of Foreign Investments in First Seven Months

02. Okt 2020.
Moodys Confirms Belgrades Credit Rating for 2020

02. Okt 2020.
Moldavian Company to Buy Edible Oil Plant of Victoria Group in Sid for EUR 100 Million?