News

Development Bank has disbursed the fourth tranche of EUR 34,1 million to intermediary banks for 114 approved projects from the credit line for investment and development of private companies.

The majority of the funds are aimed at financing 64 small companies’ projects. By activity structure, the majority of the funds (19,9 million euros) were extended to support companies that operate primarily in the field of production.

The structure by type of investment is as follows: 36% in construction, 36% in equipment, 25% in renewable energy sources, and 3% in investments in transport vehicles. These funds support 3 micro, 64 small, 29 medium, and 18 large companies in the country.

With this tranche, the Development Bank has so far disbursed a total of 159.9 million euros to intermediary banks, or 64% of the planned 250 million euros intended to support the economy through the credit line for investment and development, financing 584 projects of domestic companies.