Government Adopts Decree to Support SMEs

The Serbian government adopted yesterday the Decree on the establishment of the “Recovery and Development” Investment Program, in view of the strategic commitment to offering systemic support to the sector of small and medium-sized enterprises (SMEs) and sole proprietors.

The realization of this program, through support for new investments, will enable the recovery and development of economies entities in the conditions during and after the coronavirus pandemic, the preservation of employment, the encouragement of economic development on the principles of sustainable development and the improvement of competitiveness through investment in digitalization and application of new technologies, the Government of Serbia says in a press release.

Businesses that are eligible to apply for funds from this investment program are those that have less than 250 full-time employees, as well as businesses of middle market capitalization or “Mid Cap” with a minimum of 250 and a maximum of 3,000 full-time employees, privately owned or a cooperative, and which are registered in the Business Registers Agency and other relevant registers.

Funds for the realization of the Program have been secured from the credit line of the European Investment Bank and from the funds of the Serbian Development Fund.

Vlada Republike Srbije

Fond za razvoj Republike Srbije Niš

Republička direkcija za robne rezerve Beograd

Evropska investiciona banka EIB

Recovery and Development Investment Program

improvement of competitiveness

investments in digitization and implementation of new technologies

provision of systemic support

support to small and medium enterprises