Foreign tourist arrivals to Bosnia's Federation down 0.9% y/y in Jan
Ljubljana stock indices decline in lower turnover
Bosnia's Federation annual inflation slows down to 0.7% in Jan
Croatia's industrial PPI down 1.4% y/y in Jan
Most Romanian stock indices turn red
Nov 01, 2022 15:38 EEST
November 1 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Tuesday it is lending 15 million euro ($14.9 million) to Serbia's Banca Intesa Beograd and 500,000 euro to Bosnian microfinance institution Mi-Bospo as part of its new Youth in Business programme in the Western Balkans.
Banca Intesa Beograd and Mi-Bospo will use the funding for on-lending to young entrepreneurs, the EBRD said in a press release.
The two financial institutions will also benefit from technical assistance to better support and respond to the needs of their younger market segment, the EBRD noted.
The Youth in Business programme envisages providing 100 million euro to banks in the region over the next five years in support of youth entrepreneurship. The EBRD extended a 4.5 million euro loan to Kosovo's Banka per Biznes in September as part of the programme.
The programme is supported by the governments of Sweden, through the Swedish International Development Cooperation Agency, and Italy, through the Central European Initiative.
($ = 1.00605 euro)
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