SIEPA announced open competition for allotment of 60m RSD for export marketing - applications prior to April 11

Investment and Export Promotion Agency has announced open competition for allotment of 60m RSD - non-refundable financial aid to small and mid-sized enterprises for export marketing.

The amount of funds that can be approved to one company ranges between 150,000 and 1.5m RSD, deadline for submission of applications is April 11, and 50% of expenses for selected acitivities will be paid (VAT not included).

According to the announcement, SIEPA announced the open competition for allotment of non-refundable funds to Serbian export companies for the fourth time.

The funds can be approved for the following activities and expenses: foreign amrket research, participation in international business fairs abroad and designing of new packaging and promotive materials.

Financial aid is intended, first of all, for small and mid-sized enterprises, which deal with production of goods or supply of services intended for export and are not present on the markets abroad, but have a potential and good business projects to achieve that.

In the previous three circles of the program for non-refundable financial aid, total of 165m RSD has been paid and, since 2006, when realization of the realization program started, the funds have been approved to 269 of total of 530 companies applicants.

In most of the cases, the funds have been approved for the participation in international trade fairs and for the design of promotive materials.