by Teo Lin-Bianco -

MICROCAPITAL BRIEF: EIB Lending Banca Intesa Beograd of Serbia $47m for SMEs, Mid-Caps Adjusting to COVID-19 Pandemic

Recently, the European Investment Bank (EIB), an entity of the EU, extended a credit line of EUR 40 million (USD 47 million) to Banca Intesa Beograd (BIB) in an effort to boost the Serbian economy in response to the downturn caused by the COVID-19 pandemic. The funds are for on-lending to small and medium-sized enterprises (SMEs) and mid-caps to support operations, job retention and

by Teo Lin-Bianco -

MICROCAPITAL BRIEF: IFC Places $18m in Equity in BlackPeak Capital to Support SME Growth in Southeast Europe

The International Finance Corporation (IFC), a member of the World Bank Group, recently issued an equity investment of EUR 15 million (USD 18 million) to BlackPeak Southeast Europe Growth Equity Fund (BlackPeak Fund I), which is

by Eha Joshi -

MICROCAPITAL BRIEF: Romanian Fintech Instant Factoring Raises $915k in Equity; Will Expand to Serbia, Boost Invoice Financing for SMEs in Romania

With a new capital injection of EUR 750,000 (USD 915,000) from its current shareholders, Instant Factoring, a Romania-based firm that buys businesses’ accounts receivable, will invest EUR 350,000 (USD 427,000) in expanding to Serbia. During 2021, it expects to buy invoices worth approximately EUR 5 million (USD 6.1 million)

by Michelle Fleming -

MICROCAPITAL BRIEF: EBRD’s “Trade Ready” Program to Bring Finance, Business Advice to SMEs in Serbia

With funding from the EU and the government Luxembourg, the UK-based European Bank for Reconstruction and Development (EBRD) is launching Trade Ready, a program intended to help small and medium-sized enterprises (SMEs) in Serbia become