Germany to Provide EUR 5 Million in Banking Guarantees to Small and Medium Enterprises in Serbia

Source: Tanjug

Thursday, 16.07.2020.

11:06

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Illustration (Photo: Maryna Pleshkun/shutterstock.com)

German Ambassador to Serbia Thomas Schieb has stated that the German government, through the German development bank KfW, will provide additional banking guarantees, worth EUR 5 million, to small and medium enterprises in Serbia.

As he explained for Newsmax, this will take the form of corporate credits issued by local banks.

– This EUR 5 million will give a financial impulse – Schieb said.

Companies:

Ambasada SR Nemačke Beograd

KfW kancelarija Beograd

Tags:

German government

German development bank

KfW

Thomas Schieb

banking guarantees

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