• austriantimes.at
• romaniantimes.at
• salzburgtimes.at
• viennatimes.at

Today

• Croatian week in Darmstadt

31. 07. 12. - 11:00

• more Business news...
• RSS Feed Business

31. 07. 12. - 11:00

European Bank increases support for small and medium companies in Croatia

Croatian Times

The European Bank for Reconstruction and Development (EBRD) and Raiffeisen Leasing Croatia are joining efforts to support further the development and growth of small and medium-sized enterprises (SMEs) in Croatia with a new 10 million Euro financing.

Croatian SMEs employ about two thirds of the country’s total workforce and account for approximately 50 per cent of Croatia’s GDP. In the current economic and financial environment, small and medium companies are facing limited access to financing for their growth.

"The EBRD financing, extended under the EBRD’s Western Balkans and Croatia Financing Framework,* will enable Raiffeisen Leasing Croatia to address the demand for leasing finance from private sector enterprises in various sectors to increase their competitiveness in the advent of Croatia’s entry into the European Union. " said Zsuzsanna Hargitai, EBRD Director for Croatia.

"The EBRD credit line is intended to provide impetus small and medium enterprises through operational and financial leasing, under competitive terms, for a period of up to five years. Funding will be channelled to the manufacturing sector, focusing on manufacturing equipment, agricultural machinery, heavy and light commercial vehicles, medical and tourism industry equipment. Since this is the third such arrangement between the EBRD and Raiffeisen Leasing, we are delighted to have been recognised by this institution as a reliable partner. The confidence and support of the EBRD truly means a lot to us in conducting our everyday business in these challenging times," said Miljenko Tumpa, Chairman of the Management Board of Raiffeisen Leasing Croatia.

Founded in 1999 by Raiffeisenbank Austria and Raiffeisen-Leasing International GmbH, Raiffeisen Leasing Croatia is currently the fourth largest leasing company in Croatia. Previously the EBRD provided to the company two credit lines for a total amount of 20 million Euros.

Since the beginning of its operations in Croatia, the EBRD has committed over 2.6 billion Euros in about 140 projects in various sectors of the country’s economy.

Croatian companies consider to move their production towards east
Some of the biggest Croatian companies could move their production out of the EU when the country joins the European Union on 1 July.

Eliademy spreads to Croatia from next week
Finland based global company Eliademy will launch their project in Croatia starting from next week.

EBRD supports Croatian pharmaceutical packaging producer
The European Bank for Reconstruction and Development (EBRD) will support Croatian pharmaceutical packaging producer Piramida with 3.6 million Euro.

Germany ratifies Croatian agreement to join EU
Germany has been the last EU country to ratify Croatian agreement to join the European Union.

Smoker ends up in flames
Doctors in Croatia are fighting for the life of a peasant that tried to light up a cigarette when pouring fuel into his chainsaw.

Wimbledon semi-finalist Mario Ancic becomes American basketball league official
Former Wimbledon semi-finalist Mario Ancic has turned to basketball.

Tottenham offers 5 million pounds for Ante Rebic
English Premiership side Tottenham have placed a bid to sign talented Croatian forward Ante Rebic.

Ivan Turina to get a street in Stockholm
Late Croatian goalkeeper Ivan Turina could get a street in Swedish capital Stockholm named after him.

Croat does not sleep for 13 years
Izidor Hojsak, 78, from the northern village of Bednja said he used to suffer from bladder cancer in 2000 and since then has not been able to sleep.

Zrinka Cvitesic delighted with her performance in Londons West End
Croatian actress Zrinka Cvitesic is delighted with her role in the musical Once at the Phoenix Theatre in London's West End.