Skopje, 7th June 2013 (MIA) – Thousand enterprises in the country received support from the cheap credit line provided by the Government from the European Investment Bank.

Vice Prime Minister and Minister of Finance, Zoran Stavreski, pointed out that by providing credit lines in the amount of EUR 250 million, disbursed to small- and medium-sized enterprises in the country through the domestic banks, Macedonian economy was supported. – Enterprises were extended support during the crisis and over 5,000 jobs were created, the Minister said.

He underlined that banks are liquid, although credit activity is still insufficient. However, he hoped liquidity would be higher in the coming period.

Credit activity, as Governor of the National Bank of the Republic of Macedonia, Dimitar Bogov, said, was targeted at 7 % by the end of the year, pointing out that efforts would be put for this to be realized.

As he said, data on growth of the economy in the first quarter speak in favour thereof, showing a recovery. He expects that the Macedonian banks having a potential would recognize this moment and support the economy.

Companies receive the funds from the European Investment Bank at a subsidized interest of 5.5% and 8-year repayment period, with 2-two year grace period. They are disbursed through the Macedonian Bank for Development Promotion, and companies submit a request at nine commercial banks – Stopanska Banka Skopje, NLB Tutunska Banka, Komercijalna Banka, Ohridska Banka, Sparkasse Banka, Stopanska Banka Bitola, ProCredit Banka, TTK Banka and Halk Banka.

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