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.

WB EDIF
in yout country

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

Former Yugoslav Republic of Macedonia

Under the WB EDIF platform, the former Yugoslav Republic of Macedonia first received financing via the equity funds ENIF and ENEF.  ENIF’s three investments are in Letz, an Artificial Intelligence (AI) powered app to boost productivity in the work place, Cognism, an end-to-end sales-acceleration solution that provides sales organizations with a more efficient way to prospect and InPlayer: the next generation video and digital asset monetization platform that works with the largest media and technology companies in the world.

ENEF made one investment into Cermant – a leading ice cream produce and other frozen goods in FYR Macedonia.

More recently FYR Macedonia has seen a speedy uptake in the absorption of the Guarantee Facility whereby EIF signed a agreement with ProCredit FYR Macedonia in 2016.

On the Support Services side:

  • The EBRD’s Advice for Small Businesses  (ASB) has provided advisory support to 83 projects in total, helping SMEs in FYR Macedonia to grow, enhance competitiveness and bankability. These companies also include one of those funded under ENEF, showing the advantageous synergies between the WB EDIF programmes and instrumets
  • Led by the OECD, the Small Business Act (SBA) assessment supported FYR Macedonia in improving SME policy making and enhancing the capacity of its policy makers in addressing related challenges,
  • A candidate for Centre of Excellence status under EIB’s study on Regional Centres of Excellence was identified in the INNOFEIT initiative of the Faculty of Electrical Engineering, Ss. Cyril and Mehodius University Skopje,
  • An IP Toolkit was distributed to participants of the Workshop held in Skopje under the programme lead by EIB for support on intangible assets and intellectual property in the Western Balkans
  • Under the World Bank’s EU-REPARIS programme, activities were organized on a regional basis with regular participation of the various stakeholders of FYR Macedonia.
13.04m € Financing for SMEs
54 SMEs financed
Western Balkans WB EDIF map Serbia Croatia Kosovo* Montenegro Bosnia and Herzegovina FYR Macedonia Albania

News & Events

NEWS

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.

9 Feb
- 2017
NEWS

EUR 70m for SMEs in Kosovo, Serbia and the former Yugoslav Republic of Macedonia under the Western Balkans Guarantee Facility

The European Investment Fund (EIF) and three ProCredit group subsidiaries have signed guarantee agreements to support Small and Medium Enterprises (SMEs) in Serbia, Kosovo and the former Yugoslav Republic of Macedonia. This was made possible via the Western Balkans Guarantee Facility, funded by the European Union under the Western Balkans Enterprise Development and Innovation Facility. Read more

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Case studies

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