Serbia

Small and medium-sized enterprises (SMEs) in Serbia working to improve their competitiveness to succeed...

Greek developer's Proxima+ solution implemented for bank's factoring service launch

New publication, "Factoring-Law and Business Practice in Serbia" by Professor Tamara Milenkovic-Kerkovic and Zeljko Atanaskovic, who is Manager of the Regional Branch of "PRVI FAKTOR" Serbia is now available.

Finally in July this year, the much awaited factoring law was formally adopted. Marija Grujovic Branch Manager Laiki Factors and Forfaiters SA Serbia, reports on a market full of expectation.

Serbia's assistant Minister of Finance and Economy Nina Samardzic has said that the main concern of small and medium-sized enterprises (SMEs) in Serbia at the moment is financing their survival, and not investing in development.

The European Union (EU) and the European Bank for Reconstruction and Development (EBRD) has launched the Support to Small and Medium-sized Enterprise Development Programme for Serbia.

The EBRD announced it would provide up to EUR45 million to UniCredit structures in Serbia to support local SMEs.

EIB grants EUR 100 million loan to two Serbian banks for SME support.

The European Bank for Reconstruction and Development (EBRD) has increased the availability of financing to MSMEs in Serbia with a €30 million credit line to ProCredit Bank Serbia.

Jeroen Kohnstamm, Secretary General of Factors Chain International, declared that factoring had enormous potential , during the latest Export Factoring promotion conference in Belgrade this week.