WB EDIF in your country

WB EDIF in your country

WB EDIF operates in 7 Western Balkan economies
and provides millions of euros of financing and support to SMEs
WB EDIF operates in 7 West Balkan countries
and provides millions of euros of support.

in yout country

WB EDIF operates in 7
West Balkan countries
and provides
millions of euros of support.


As one of the Western Balkans Beneficiaries involved upon the creation of WB EDIF in 2012, Croatia – despite its EU accession soon thereafter – is still an important country of operation for WB EDIF. The equity funds have been able to make several interesting investments in this country. ENIF invested in Agrivi, the provider of a farm-management software, Bulb Technologies, offering next generation solutions for the management of telecommunication services and Sentinel Marine, a leading smart solution for recreational boats in the Adriatic, with a vision of Building IoT at sea, More Studio SaaS platform providing parents with expert medical advice for child by consulting top medical experts online and Your Home Online: digitisation of the entire property market by creating truly self-contained property ecosystem based around a network of online property profiles, and AdScanner which provides data and cockpit solutions for increased transparency, control and speed in TV advertising.

ENEF in parallel also invested in the  Trgovacki Centar Max Stoja d.o.o. (ex – Pula Regeneration Centre), a retail and entertainment centre.

Under the Guarantee Facility, an instrument signed in 2015 also saw good absorption over time via Raiffeisen Bank Austria.

On the Support Services side:

  • The World Bank Investment Readiness Program “Pioneers of the Balkans” provided mentoring to entrepreneurs to help them get access to external sources of funding,
  • The EBRD’s Advice for Small Businesses is present in Croatia but supported outside of the WB EDIF platform.
35.2m € Financing for SMEs
98 Companies financed
Western Balkans WB EDIF map Serbia Croatia Kosovo* Montenegro Bosnia and Herzegovina North Macedonia Albania

News & Events


WB EDIF Business Forum

The first WB EDIF Business Forum took place in Belgrade on 26 June 2018 as part of the 12th WB EDIF PAG meeting. The Forum was hosted by the Ministry of Economy of Serbia and the Chamber of Commerce and Industry and took place under the auspices of the European Commission with the support of the EIF.

The event gathered more than 150 participants from the entire region, including officials from the beneficiary economies, EC, EUDs, IFIs, Chambers, banks and finance providers as well as a number of SMEs. Several panels were organized to learn more about what WB EDIF has to offer, to hear stories from the companies benefitting under the facility and to discuss the main access to finance challenges.

The Forum was opened by the President of the Chamber of Commerce, Marko Cadez, State Secretary of Ministry of Economy of the Republic of Serbia, Branimir Stojanovic and Head of Cooperation at Delegation of the European Union to Serbia, Ingve Engstrom.

A business to finance event was organized in the afternoon, where the SMEs from the Western Balkans had the chance to meet the finance and advisory providers under the WB EDIF.

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Case studies

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