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| EUR 30 million loan for urban infrastructure in Serbia and Montenegro The European Investment Bank (EIB) is lending EUR 30 million to HVB Central Profit Banka d.d. The funds will be used to provide long-term financing for small and medium-sized enterprises (SMEs) and infrastructure investments in Serbia and Montenegro. The EIB global loan (line of credit) aims at tackling the scarcity of funds for investment needed to sustain development and economic growth in the country. With the funds stemming from the EIB, up to 50% of the eligible project cost may be financed. The term for infrastructure projects is 15 years; loans for SMEs may go up to 12 years. write your comments about the article :: © 2005 Construction News :: home page |