EBRD Aids Croatian SMEs, Exporters

The

will lend 100 million euros ($142 million) to help small businesses and exporters in Croatia. Of the sum, 50 million euros will be used to boost lending activities for small and medium-sized enterprises. The rest of the loan will help provide pre-export financing, post-export financing, financing of working capital needed to conclude foreign trade contracts, and other facilities. Privredna banka Zagreb will administer the funding.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.