EBRD and EU Supporting Small Businesses in Bosnia and Herzegovina
The EBRD and the EU are successfully implementing the programme “Supporting competitiveness of small and medium enterprises in Bosnia and Herzegovina (BiH-SME-CSF)”. After one and a half years of the two-year project €15.7 million in EBRD/EU small business loans have been provided and participants are also expected to receive more than €4 million in grants from EU funds.
Small and medium-sized enterprises (SMEs) are central for economic development. Small businesses and entrepreneurship traditionally represent a source of growth. They are generators of jobs and contribute to improvements in production, work productivity and business efficiency.