State Preparing New Measures of Support to Most Affected Sectors – Credits for Tourism, Hospitality and Passenger Transport

The small and medium enterprises in the sectors of tourism, hospitality and passenger transport most affected by the COVID-19 pandemic will be provided with affordable loans of the Development Fund for liquidity and working assets, as pointed out at the second sector meeting between Marko Cadez, the president of the Chamber of Commerce of Serbia, Sinisa Mali, the minister of finance, and representatives of companies from these sectors.

Cadez emphasized the necessity of the quickest possible realization of the measures, so as to help the economy recover and continue its activities.

Through the CCIS, the criteria for the credits were also proposed by the representatives of the economy, who then sent them to the relevant ministries.

Credits of up to five years, with a grace period of up to two years and a repayment period of up to three years are envisaged, the interest rate is 1% on an annual level, and the loans are issued and repaid in dinars, the CCIS announced.

The maximum loan for entrepreneurs and micro legal entities is RSD 20 million, double the initial amount, for small companies it is up to RSD 80 million, and for medium companies up to RSD 180 million, Mali said.

The securities that the clients need to provide depend on the loan.

It was agreed at the meeting for representatives of sector associations of the CCIS, companies, representatives of the Development Fund and the ministries of finance, tourism and economy to define precise criteria for application.

Privredna komora Srbije

Ministarstvo finansija Republike Srbije

Fond za razvoj Republike Srbije Niš

CCIS

Marko Cadez

Sinisa Mali

sector support

credits for liquidity

credits for working assets

state support to tourism

state support to passenger transport sector

state support to hospitality sector

coronavirus

covid 19