Decree governing the financial support program was adopted

On 10.04.2020. a Decree was adopted to mitigate the economic consequences of pandemic. The program defined in this Decree relates to the granting of credit facilities to business entities for liquidity management and working capital.

Board of Directors of Development Fund (Fond za razvoj), in accordance with this program, will determine the more detailed criteria and conditions under which loans for maintaining current liquidity will be approved. The criteria and conditions will come into force when the Government gives the consent.

Deviation from the established criteria and conditions defined by this program is possible in justified cases in which there is a special interest of the Republic of Serbia, which shoul be determined by the Government’s conclusion.

You can read more about it here.