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.


WB EDIF has seen very good take-up from both equity and debt instruments in Serbia. Under the first round of financing of the Guarantee Facility,  the EIF signed an agreement with Unicredit Serbia in 2014 and then another agreement with ProCredit Serbia in 2016 under the second round of EU financing attributed to the Guarantee Facility, due to the success under the first round.

The Fund Managers of ENIF and ENEF have also been actively investing in Serbian SMEs.

Under ENIF, the early stage fund, there have been investments in Drytools/Alchemy, a business as a software & project management tools for specialty chemicals industry; in CityExpert, a platform for publishing real estate opportunities; in WorkPuls, a productivity monitoring software for companies; and in CUBE, a business information and credit risk service company, Hunch Insight: an Ad-tech SaaS technology company that helps businesses deliver automated, optimized, and personalized ads to users on leading digital advertising platforms, Virtus Vita: a global dialysis & travel organization, Tradecore: a company providing large enterprises and new companies come to for ways to keep up with changes and optimize their businesses, to keep up with innovation, lower costs, increase revenue, and stay in compliance with changing rules and regulations.

To see one of these companies in action watch our case study video for Drytools/Alchemy.

Under ENEF, the expansion stage fund, there have been investments in Delmax, a manufacturing and services company for car parts distribution’; in Gomma line, also operating in the same industry and BG Reklam: a company designing, developing and manufacturing permanent point-of-sale materials.

On the Support Services side

  • The EBRD’s Advice for Small Businesses  (ASB) has provided advisory support to 107 projects in total,  helping SMEs in Serbia to grow, enhance competitiveness and bankability. Two investee companies financed through ENEF have also been supported through ASB.
  • Led by the OECD, the Small Business Act (SBA) assessment supported Serbia in improving SME policy making and enhancing the capacity of its policy makers in addressing related challenges,
  • The World Bank Investment Readiness Program “Pioneers of the Balkans” provided mentoring to entrepreneurs to help them get access to external sources of funding,
  • Under the World Bank’s EU-REPARIS programme, activities were organized on a regional basis with regular participation of the various stakeholders of Montenegro,
  • Via the EIB, an ex-Ante Study on Financial Instruments for SMEs in Serbia was implemented, with supporting capacity building sessions held in Belgrade. An IP Toolkit was distributed to participants of the Workshop held in Science Techno Park Belgrade
64.38m € Financing for SMEs
407 SMEs financed
Western Balkans WB EDIF map Serbia Croatia Kosovo* Montenegro Bosnia and Herzegovina FYR Macedonia Albania

News & Events

9 Feb
- 2017

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

See more news & events

Case studies


Serbia Case Study

Renting or buying real estate is a process which impacts everyone at some point in their lives and yet, it is perhaps one of the least modernised services in today’s world. Find out how WB EDIF’s early stage innovation fund, ENIF supported this Serbian company.

WBEDIF Succes Stories – CitiExpert

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