New Loans for Small and Medium Enterprises | Beta Briefing

New Loans for Small and Medium Enterprises

Source: Beta/SeeBiz
SEE Business / Croatia | 23.11.20 | access_time 10:59

Money

The European Investment Bank (EIB) and the Croatian HBOR bank for reconstruction and development have signed a new loan agreement for EUR142.5m in favorable loans for small and medium enterprises, which is the second installment of a EUR400m package, the financial institutions announced on Nov. 20. 

According to SeeBiz, the contract is also part of an EIB initiative for employing youth. 

The EIB finances companies that open jobs for youth under more favorable conditions. 

The initiative is intended to solve the issue of youth unemployment as one of the biggest social and economic challenges that Croatia and Europe fa

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