November 19 (SeeNews) - Bosnia's Serb Republic will launch a 100 million euro ($113.6 million) fund backed by Hungary for small and middle-sized enterprises (SMEs), Bosnian media reported.
SMEs in the Serb Republic would be able to benefit from grants that will facilitate their operations and improve market competitiveness, business news provider Capital reported on Thursday, citing Radovan Viskovic, prime minister of the Serb Republic.
The fund is expected to be launched by the end of 2021.
The Serb Republic is one of two autonomous entities that form Bosnia and Herzegovina. The other one is the Federation.
($ = 0.8806 euro)