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DEVELOPMENT FUND OF THE REPUBLIC OF SERBIA SUPPORTS TWO COMPANIES IN BUJANOVAC

27. September 2016.

Belgrade, Bujanovac – Two of the 35 favorable loans under the programs for supporting investments and procurement of the permanent working capital, which were endorsed by the Managing Board of the Development Fund of the Republic of Serbia, were extended to the companies in Bujanovac.

Those companies are "Manasijevic" LLC and "Termopan-Glas" LLC, which currently employ 10 workers each.

The estimated value of the investment in the production of joinery at "Manasijević" LLC is 9.5 million dinars, while the investment in the working capital of "Termopan" is 18 million dinars.

Of the aforementioned amount of the requested funds, the Managing Board of the Development Fund proposed the allocation of 6,000,000 dinars and 10,000,000 dinars, including a grace period until March 31, 2017.

In addition to the existing number of workers, the recipients of the long-term investment loans should hire another 9 and 2 workers each.

Source: Bujanovac News and Coordination Body