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Kire Naumov for Bloomberg Adria: This year over EUR 100 million in low-cost loans for the companies

24/08/2022

As of July, interest-free and low-cost loans worth EUR 73 million have been extended to Macedonian companies

The seventh credit line from the EIB in the amount of EUR 100 million is almost certain for the next year

 

 

 

 

Over EUR 100 million of interest-free and low-cost loans will be disbursed this year through the Development Bank. These are the projections of CEO Kire Naumov, who in a conversation with Bloomberg Adria says that as of July, loans totaling EUR 73 million have already been granted. He also announces a new credit line for next year.

"We are already in negotiations with the European Investment Bank and it is almost certain that next year we will withdraw a new, seventh credit line, which will amount to EUR 100 million, and in addition, I announce that we are also negotiating with several other international financial institutions," was stated by Kire Naumov, CEO of the Development Bank of North Macedonia.

Naumov says that application terms and conditions have been eased, especially in the area of ​​loans for agriculture.

The CEO of the Development Bank says that in times of crisis, the biggest challenge is how to allocate limited financial resources appropriately in order to create a balance between support for preserving the liquidity of companies, but also to provide finance for new investments.

The details can be seen in the video of the conversation.