Government of FB&H doubles Amount of Funds for Small and Medium Enterprises

funds for small and medium enterprises

With yesterday’s amendment to the Decision of the Government of FB&H on criteria and ways of management with the revolving fund established in the Project of the improvement of small and medium enterprises to financial resources, the amount for these purposes was doubled – from 1.000.000 BAM to 2.000.000 BAM.

The amendment was made because the Project works successfully and dynamically in a rapid manner. At the same time, there is a strong interest of partner commercial banks and clients for the continuation of financing through this credit line, i.e. for ensuring the additional funds.

That requires a longer procedure, thus the deadline of 30th September 2015 was extended by the Decision to 31st December 2015, which contributes to the positive resolving of most of the credit requirements that are already submitted or are in the application process, as announced from the Office for Public Relations of the Government of FB&H.

(Source: ekapija.ba)

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