€2.4 million for businesses, investment support - Here's who benefits and what conditions are offered from the total budget of €250 million
The government continues its support for the private sector, allocating another 2.4 million euros to finance investments by domestic companies.
The Ministry of Finance in North Macedonia has transferred 148.6 million denars, or about 2.4 million euros, to the Development Bank to support investments by local companies.
With this latest payment, the total amount of funds made available to the economy has reached 14.5 billion denars, which translates to approximately 235.8 million euros.
The support is part of the state program for financing the private sector, which foresees a total budget of 250 million euros. According to institutional estimates, these funds are expected to generate investments worth around 300 million euros.
The funds are intended for companies planning new investments, expansion of production capacities and further development of their activities.
Financing will be provided through commercial banks, which will offer loans with favorable terms. Companies will have the opportunity to benefit from loans with a fixed interest rate of 1.95 percent per annum, a repayment period of up to 15 years, and a grace period of up to three years.
The Ministry of Finance estimates that this support aims to promote private investment, create new opportunities for local businesses, and provide a further boost to the country's economic growth.
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