The SME Performance Review is one of the main tools the European Commission uses to monitor and assess countries’ progress in implementing the Small Business Act (SBA) on a yearly basis. Read more
The ENEF Roadshows created positive press in a number of titles in the region and led to further coverage across the Western Balkans.
The ENEF Roadshows are targeted at private businesses, local commercial banks, institutional partners (such as chambers of commerce), local political representative (such as ministry of economy and development and PAG representatives) and EU representatives. Read more
Intermediaries are being selected following an open Call for Expression of Interest, launched on 17.04.2013 and closed on 30.06.2014 – more information on the working with WB EDIF Guarantee Facility
The 4th PAG meeting was held on 10 June 2014 in Berlin at the KfW premises
The first informal meeting of the Investment Committee of ENEF was held in Belgrade on the 6th of May 2014. The representatives of the Investment Advisor held discussions with the members of the IC with the objective of preparing the ground for the first investments.
The first Board of Directors Meeting was held on the 11th of March 2014 in Luxembourg. The Board approved a series of resolutions relating to the administration of the Fund (including the appointment of its Chairman (on a one year rotating basis), and the establishment of its Investment Committee.
The European Investment Fund (EIF) has signed a €14.5 million subscription agreement with the European Bank for Reconstruction and Development (EBRD) to support small and medium-sized enterprises (SMEs) in the Western Balkans region under the Western Balkans Enterprise Expansion Fund (ENEF).
ENEF has received all necessary authorisations from the Luxembourg authorities and has been legally incorporated on 14 February 2014 as a “Société d’investissement à capital variable – Fonds d’investissement specialise” with the Trade and Companies Register of Luxembourg.
In December the EIF signed its first three Agreements under the Guarantee Pillar of the Western Balkans Enterprise Development and Innovation Facility (“WB EDIF”) with the ProCredit Group supporting SMEs in Albania, Bosnia & Herzegovina and Kosovo* Read more
