Simest, the ‘Cassa Depositi e Prestiti’ Group's company for the internationalisation of enterprises, has activated a new 200 million euros reserve to support Italian investments in the Western Balkans area (Serbia, Kosovo, Bosnia-Herzegovina, Albania, Montenegro, and North Macedonia - FYROM).
Simest, the ‘Cassa Depositi e Prestiti’ Group's company for the internationalisation of enterprises, has activated a new 200 million euros reserve to support Italian investments in the Western Balkans area (Serbia, Kosovo, Bosnia-Herzegovina, Albania, Montenegro, and North Macedonia - FYROM).
The resources are channelled through the 394/81 Facilitated Finance Fund, managed in agreement with the Ministry of Foreign Affairs and International Cooperation.
The liquidity is dedicated to companies with a direct interest in the Area, i.e. those companies that export to or import from the Western Balkans or are present, directly or through the supply chain, in this region.
The facility provides for the application of a particularly subsidised interest rate and a non-repayable quota of up to 10%. In addition, companies interested in accessing the subsidised financing are exempt from providing guarantees.
The resources can be used for six different types of investment:
Market Placement.
Digital and ecological transition, with the possibility of allocating up to 80% of the financing to capital strengthening expenses.
Trade fairs and events.
E-commerce.
Certifications and consultancy.
Temporary export managers.