Skopje, 28 November 2024 (MIA) - At a session on November 26, the Government established the criteria under which companies will receive funds from the EUR 250 million Hungarian loan, Government Spokesperson Marija Miteva said at a press conference Thursday.

“The Government instructed the Ministry of Finance to take activities together with the Development Bank for the provision of funds under the following conditions: minimum amount of EUR 10 million per beneficiary; 15-year repayment period with a grace period of up to three years and quarterly repayments after the grace period; a fixed interest rate of 1.95 percent without expenses for approval and management; and personal participation of at least 20 percent in the total amount of the investment,” Miteva said.

According to Miteva the funds will be able to be used for investments in equipment, real estate, manufacturing plants, factories, corporate buildings for personal use, transportation means related to the production process, renewable sources of energy, and non-material goods such as investments in development and software.

“Considering that GDP is projected at 16 billion, we are talking about funds that amount to around 5 percent and that we expect will be invested this year and the next. This is a tool that we will use to fight against a potential economic crisis and to move the economy forward as a whole,” Miteva stressed. 

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