The European Investment Bank (EIB) and UniCredit Bank Serbia (UniCredit) have officially launched a €30 million credit line aimed at supporting the employment, professional training and long-term retention of people from vulnerable social groups. These funds will enable UniCredit to on-lend to Serbian companies that are committed to improving the social impact of their businesses and creating long-term employment and entrepreneurship opportunities for women, young people and segments of the population that face higher entry barriers to the labour market. Representatives of the Government of the Republic of Serbia and the EU Delegation to Serbia attended the launch ceremony, expressing support for this kind of socially-oriented financial instruments.
At a glance
ERI Fund contributors are making a difference to projects in the EU's Southern Neighbourhood and the Western Balkans.
Donor funds committed
Donor financing approved
Total investments supported
Over 65 000 jobs sustained and over 30 000 loans made in favour of micro and small businesses
Better sanitation services for 1.1 million people
65,000 people benefitting from improved urban infrastructure and services