News

By Pedja Predin

WorkPuls was launched in 2016 as an automated time tracking and employee monitoring software. At the time of ENIF’s first investment in 2016, the company had just started to generate some early revenue. It was founded by Ivan Petrovic, a young and talented entrepreneur who tackled time tracking as a problem that he identified and was experiencing himself.

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New edition of the WB EDIF Annual Report is available.

Small businesses form the backbone of the Western Balkan economies and are the stepping stone to their economic convergence and path towards the EU accession. Small and Medium-Sized Enterprises (SMEs) employ between 60% and 80% of the active population in the region, which is on average higher than in the EU. Since its foundation in 2012, the Western Balkans Enterprise Development and Innovation Facility (WB EDIF) supported 4,000 SMEs and created 78,000 jobs in the Western Balkans.

Read more about the WBE DIF story here.

The Western Balkans Summit Poznan 2019 took place on July 3-5, where the Ministers of foreign affairs, internal affairs and economy convened on July 4 and on the day after the heads of states and governments discussed key issues concerning Western Balkans. The European Commissioner for Enlargement, Johannes Hahn opened the Berlin Process for Western Balkan with the participation of the Forum for Business and Civil Society.

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On 7 May 2019 in Sarajevo, the Western Balkans Enterprise Development & Innovation Facility (WB EDIF) held its second SME Forum in the region. The Forum, hosted by the EBRD and coordinated by the European Commission and the European Investment Fund (EIF), brought together key stakeholders from the private and public sector, Chambers of commerce, International Financing Institutions and entrepreneurs to discuss the challenges and opportunities for SMEs in the Western Balkans to grow and develop.

A brand new quick snapshot brochure on the WB EDIF has been prepared to give a presentation of the WB EDIF at a glance. Companies in different stages of their life have different needs where the WB EDIF support can step in with different financial instruments and support services to help them grow and develop.

New WB EDIF Success Stories booklet is now available, with new stories and interesting case studies and interviews. Providing nest-to-sky financing and support for small and medium sized enterprises in the Western Balkans.

The Western Balkans Summit Poznań 2019 will take place on July 3-5 at the Poznań International Fair. Ministers of foreign affairs, internal affairs, and economy will convene on July 4. A Leaders’ Summit will take place on July 5 – heads of states and governments of partners to the Berlin Process will discuss key issues concerning Western Balkans.

WB EDIF will be presented during this Summit, among other with the presence of a stand, promoting the various instruments and programmes it has to offer.

More information about the Summit can be found here.

WB EDIF PAG meeting will for the first time take place within the WBIF Steering Committee, taking place on 25th and 26th of June in Berlin. This is the first step in the integration process of the WB EDIF under the WBIF umbrella. During this meeting the WB EDIF will be introduced to the broader WBIF audience and showcase the main results and achievements to date.

New edition of the WB EDIF Annual Report has been released during the SME Forum in Sarajevo on 7 May, 2019.