The European Bank for Reconstruction and Development (EBRD) and the European Union will increase support of small and medium-sized companies, while the Bank will provide 70 million Euros in new loans for partner financing of local firms, the EBRD said in a statement carried by the FoNet news agency.

The EU will secure 15 million Euro for identification and verification of the best available equipment and technology for small and medium-sized companies to improve their competitiveness and switch to the green economy.

The money is meant for enterprises in Albania, Bosnia and Herzegovina, North Macedonia, Serbia and Kosovo.