private sector productivity

Financing Serbia’s SME Sector through Expanded Credit Initiatives

Access to finance is a crucial factor influencing industrial growth and productivity in Serbia. In recent years, both international financial institutions and local banks have enhanced their lending programs aimed at small and medium-sized enterprises (SMEs), which are essential to the Serbian economy but often encounter obstacles in securing long-term financing. Initiatives spearheaded by the European Bank for Reconstruction and Development (EBRD) in collaboration with the European Union, along with contributions from major commercial banks like Banca Intesa Serbia and…