Dojran, 24th October 2013 (MIA) – In November, Macedonia will be extended a new cheap credit line from the European Investment Bank (EIB) in the amount of EUR 100 million, intended for small-and medium-sized enterprises, Deputy Prime Minister and Minister of Finance, Zoran Stavreski, announced.

According to the Deputy Prime Minister, EIB Board will decide upon the new credit line to Macedonia tomorrow, and funds are to be transferred to Macedonian Bank for Development Promotion account in November and to become immediately operational for the companies.

– Tomorrow, project for the Republic of Macedonia will be at the agenda of the EIB Board. I believe it will be approved. Law is to be adopted afterwards and the funds will become effective, i.e. our companies can use them. I believe they will be available to the Macedonian companies at the end of November, Deputy Prime Minister Stavreski said at the working visit to Dojran.

I would call on all small- and medium-sized enterprises to use these funds, since, as he said, interest rate subsidized by the budget applies thereon.

– Interest is 5.5% for the final beneficiaries. It is the most favourable interest on the domestic market at the moment, Stavreski said.

So far, EUR 250 million from EIB have been used, supporting around 800 companies and opening more than 3,500 jobs. EUR 20 million out of the EUR 100 million from the last tranche remain to be used.

Also available in: Macedonian

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