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Albania invites SMEs to apply for 35 mln leks (279,561 euro) in funding in 2019

Albania invites SMEs to apply for 35 mln leks (279,561 euro) in funding in 2019 Source: Serbian economy ministry

TIRANA (Albania), February 19 (SeeNews) – The Albanian Investment Development Agency (AIDA) said on Tuesday it is inviting applications from small and medium enterprises for financing for the total amount of 35 million leks ($316,307/279,561 euro) in support of start-ups, innovation and handicraft projects in 2019.

The deadline for submitting applications for financing from the three funding schemes managed by AIDA is November 1, the agency said in a statement.

The fund for support of start-up enterprises in the amount of 30 million leks for the 2018-2020 period focuses on newly established micro- and small-sized enterprises looking for new markets.

The innovation support fund has a total value of 45 million leks for the 2018-2020 period. It aims at improving technology and fostering innovation.

The creative economy fund worth 30 million leks for 2017-2019 period aims to foster the development of handicrafts in Albania by creating a favourable environment and boosting employment.

The funding under each of the three-year schemes is evenly split during their duration.

(1 euro = 123.833 leks)

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