Skopje, 25 November 2024 (MIA) - The criteria under which companies will receive funds from the EUR 250 million Hungarian loan will be defined by the end of the week, said Prime Minister Hristijan Mickoski on Monday and called on companies to prepare feasible projects and a good business plan.

PM Mickoski said companies investing in equipment, renewables and facilities will be supported, the maximum amount will be EUR 10 million, with 20 percent provided by the applicant, at a fixed interest eate of 1.95 percent.

"We secured the lowest interest rate on record with some of the banks, including a three-year grace period that will include only the interest payment, and a 15-year repayment period. This is an EUR 300 million investment, along with the EUR 500 million allocated to municipalities," Mickoski told reporters.

Considering, he added, that the GDP is projected at EUR 16 billion, this amounts to five percent of the GDP investment in 2024 and 2025.

"This is the tool we'll use to counter the possible economic crisis resulting from the downturn in the European automotive industry. From the aspect of energy resources, I believe that we will go through the winter without any market shocks. We are prepared," said Mickoski.

Photo: MIA