Harrisons has advised the EBRD on its EUR 15 million loan to Banca Intesa Beograd.
According to Harrisons, the loan is a part of EBRD’s newly launched program Youth in Business in the Western Balkans. "Young entrepreneurs face obstacles in accessing credit lines and expertise to grow their businesses, so this newly launched program aims to address the market gaps by providing a comprehensive package of financial and technical assistance for youth-led micro, small, and medium-sized enterprises," the firm informed.
According to the firm, the advisory support is backed by the governments of Sweden, through the Swedish International Development Cooperation Agency, and Italy, through the Central European Initiative.
Earlier this year, Harrisons also advised the EBRD on a EUR 20 million loan to Banca Intesa Beograd (as reported by CEE Legal Matters on November 3, 2020).