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, Content insights a company providing a software for gauging content quality to help editors assess as well as monitor their content on the web, in Agremo: an analysis platform for better crop management, in Molo: SaaS platform for the boating industry, in LeanPay: consumer financing Fintech start-up, in Videobolt: an online video-making platform and in ConveyIQ: an HR tech company, providing talent communication and recruitment optimization.

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, in BG reklam: a company designing, developing and manufacturing permanent point-of-sale materials, in BG Reklam: a company designing, developing and manufacturing permanent point-of-sale materials and in Bel Medic: Serbian private healthcare provider.

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,
  • The World Bank Investment Readiness Programme trhough its PowerUp: Capacity Building for Early Stage Firms in the Western Balkans” supported several companies in Serbia
  • 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

246m € Financing for SMEs
1,571 SMEs 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.

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

Footer Logo WBEDIF