Agreements on crediting exporters signed

The Agency for Export Insurance and Financing today with representatives of six companies signed agreements on short-term loans with a total value of around €1.6 million, which the Serbian government will use to assist exporters.

Serbian Minister of Finance Mladjan Dinkic, who attended the signing of the agreements, explained that these loans have an interest rate between three and five percent, and a repayment period of up to six months. The aim is to assist the prominent domestic exporters.

Exporters are eligible if they export goods worth more than €1 million on annual basis and if at least 51 percent of their export is of domestic goods.

Dinkic specified that the agency has €9 million in available capital this year, which is a considerable sum since only one month is left until the end of the year.

Dinkic said that next year the state will assist exporters with larger sums and will prepare a programme of support to Serbian direct investment in neighbouring countries. He recalled that export in the first nine months of the year has been increased by 40 percent, growing by €50 million on the monthly level.