Macedonia to take out a new loan of 100 million euros


The Republic of Macedonia will take a loan of 100 million euros from the European Investment Bank in order for the state to help small and medium and medium-sized enterprises, through cheap loans that the Development Bank will provide through commercial banks in the country.

In order to conclude the loan agreement, which will be taken over by the Development Bank, the MPs have to pass a law on state guarantee, the proposal of which is already in the parliamentary procedure.

The government decided to request this loan at a session held in November of last year.

The borrower will be the Development Bank, while the Republic of Macedonia will issue a state guarantee – reads the government statement.

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