Belgrade – The Ministry of Economy, in cooperation with the Development Fund of the Republic of Serbia, issued a public call for grants, which is part of the Program for encouraging entrepreneurship through development projects in 2018. Grants amounting to 500,000,000.00 dinars have been provided for the implementation of the program.  

Business entities that meet the requirements of the Program may get the financial support in the amount of 20% grants of the value of the investment. The remaining amount of the value of the project will be financed from the Fund’s loan.  

Eligible to apply in the public call for grants and for a loan with the Fund are entrepreneurs, micro, small and medium-sized enterprises and cooperatives that are registered with the Business Registers Agency and that submitted the official reports for the previous two years, in which there were no losses, and which meet the requirements of the Program. The requirement relating to the submission of financial reports does not apply to the entrepreneurs who do not have the obligation to submit these reports (entrepreneurs who run free bookkeeping and entrepreneurs who pay lump sum tax).  

In accordance with the Program, the accurately filled in request for the loan and the request for grants, along with the supporting documents, should be submitted to the Development Fund. The addresses of the Development Fund are as follows: Bulevar Nemanjica 14a, Nis and Knez Mihailova 14, Belgrade.

The public call will be open until the available funds from the Program are not used, but not later than December 31, 2018.

Further information on the call is available on  http://privreda.gov.rs/javni_pozivi/javni-poziv-za-program-podsticanja-preduzetnistva-kroz-razvojne-projekte-u-2018-godini/

 Source: Agricultural Magazine and Coordination Body