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April 22, 2003 - Tuesday |
Serbian Development Fund approved new loans to small and medium sized companies
The Serbian Development Fund approved new loans worth over 1 billion dinars (€15.73 million) to small and medium sized companies for 111 business projects. These projects will create 2,527 new jobs. In addition to long term credits, 69 short term loans, worth 425 million dinars (€6.64 million) intended to stimulate exports and support current operating costs have been signed.
The major portion of the approved loan amounts have been intended for agriculture - 444 million dinars (€6.94 million) for beef raising, establishment of fish-ponds, procurement of frozen storage plants and other projects.
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