EBRD, EU and Donors Support SMEs and Green Homes in North Macedonia

The European Bank for Reconstruction and Development (EBRD) is providing two loans of €3.5 million combined to ProCredit Bank Skopje in order to support small and medium-sized enterprises (SMEs) to reach EU standards and residential home-owners to make their buildings more energy efficient. The new funds come at a critical time …

Montenegro Plans to Ban the Construction of a Small Hydropower Plant in the Future

Prime Minister-designate Zdravko Krivokapić promised, in his exposition, that the new government would permanently ban the construction of small hydropower plants on watercourses in Montenegro and that all concession agreements would be revised and reviewed, as well as that amendments to the Energy Law would be made. He pointed out …

Land Consolidation Is the Missing Link for Farmers in North Macedonia

Coming from a family with a long tradition in agriculture, Ljupco Angelovski, a young family farmer in the village of Egri, North Macedonia, wanted to modernise his farm when he took it over from his parents. His land, however, was fragmented into 15 tiny plots scattered in different locations. “Time …

EIB and IDF sign €50 million loan to support faster post-COVID recovery

Montenegrin small and medium-sized enterprises (SMEs) and mid-caps in tourism and other sectors severely affected by COVID-19 will benefit from a €50 million loan that the European Investment Bank (EIB) has signed today with the Montenegrin Investment and Development Fund (IDF). The loan will provide immediate support for the faster …