New financing to boost the competitiveness and support the digital transformation of small businesses in Bosnia and Herzegovina Fostering SME investments in technology and automation EU grants to help make investments more affordable Small and medium-sized enterprises (SMEs) in Bosnia and Herzegovina will have more opportunities to invest in digital transformation with new financing made available to Sparkasse Bank, provided by the European Bank for Reconstruction and Development (EBRD) and the European Union (EU). The EBRD has provided an €8 million loan that Sparkasse Bank will on-lend to local SME clients. The proceeds will be used to help small firms invest in the automation and digitalisation of business processes to improve productivity, operational efficiency and resilience. SMEs will be able to apply for funds to invest in hardware and software for various digital transformation projects in the areas of production, internal processes and services. The aim is to boost the digital transformation of SMEs as well as making them more competitive in EU markets and compliant with the standards required by EU Directives. In addition to loans, SMEs will benefit from EU-funded grant incentives worth up to 15 per cent of the total loan amount. Manuela Naessl, EBRD Head […]
EBRD, EU and Sparkasse Bank finance digital transformation of Bosnian SMEs
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