Liquidity-strapped Serbian cos get 668 mln euro in soft-term loans

Last week, the Serbian government allocated 1.0 billion dinars ($11.7 million/8.9 million euro) from the state budget to subsidize the interest rates of commercial lenders in a bid to shore up the liquidity of local businesses.

The ministry said in a statement that new loans accounted for 400 million euro of the disbursed funds with refinancing loans adding up to 188 million euro and export loans totalling 80 million.

(1 euro=111.8774 Serbian dinars)