Source: Tanjug | Thursday, 16.07.2020.| 11:06
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Germany to Provide EUR 5 Million in Banking Guarantees to Small and Medium Enterprises in Serbia

Illustration (Photo: Maryna Pleshkun/
German Ambassador to Serbia Thomas Schieb has stated that the German government, through the German development bank KfW, will provide additional banking guarantees, worth EUR 5 million, to small and medium enterprises in Serbia.

As he explained for Newsmax, this will take the form of corporate credits issued by local banks.

– This EUR 5 million will give a financial impulse – Schieb said.
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