News

Development Bank of North Macedonia has disbursed today the first tranche in an amount of EUR 16.9 million from the European Investment Bank loan. The funds will provide support to 50 projects of domestic small, medium and mid-cap companies that are expected to create 90 new jobs.

 

Мost of the funds from the tranche (EUR 12.8 million) are earmarked for the companies in the trade and production segment. The companies use the funds from the credit line through their commercial banks, for financing working capital with interest rate up to 1.6%.

 

The DBNM loan from the EIB, which agreement was concluded in 2021, provided 100 million euros on favorable terms such as direct support to small, medium-sized and mid-cap companies. The loan supports domestic companies in North Macedonia from labor-intensive industries such as production, tourism and services, for rapid recovery from the COVID-19 crisis. The EIB loan will help companies ensure business continuity and retain jobs, while at the same time increasing their productivity and expanding their business.