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2020-05-11 00:00:00
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The European Investment Bank (EIB) and Erste Bank Montenegro (EBM) have agreed to invest €50 million in small and medium enterprises in the Balkan country of Montenegro. The first phrase of the loan of €30m is to support SME as well as larger companies in Montenegro is applied through Erste Bank Montenegro. The loans will be in the form working capital lines and investment loans these are targeted to help companies hardest hit by the Covid-19 pandemic.
The EIB funding is expected to be used by business across various industrial sectors such as manufacturing, tourism and the service sector, Montenegrin public entities, such as municipalities will also be able to apply to use the EU credit line.
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