Karanovic & Partners has advised the Serbian Entrepreneurship Foundation on partnership programs with the Swiss Agency for Development and Cooperation and ProCredit Bank.
According to Karanovic & Partners, the new initiatives are designed to strengthen small and medium-sized enterprises in Serbia. “The first initiative involves SEF’s collaboration with the Swiss Agency for Development and Cooperation, which has provided funding of CHF 2 million for SEF’s programs. The second is a partnership agreement between SEF and ProCredit Bank, which has joined the credit guarantee scheme to support selected manufacturing SMEs in Serbia. Both projects are part of the SME Hub initiative, funded by the Swiss Government which helps Serbian micro and SME businesses gain access to the financial resources and expertise needed to meet international standards and integrate into global supply chains.”
The Karanovic & Partners team included Partner Maja Jovancevic Setka and Associate Dimitrije Ilic.