Pregled, December 22, 2008

22. December 2008.

USAID HELPS COMPANIES IN PRESEVO

The US Agency for International Development (USAID) provided 20,000 US $ to the "Steel U"Company from Presevo, which is specialized in the production and fitting of PVC and aluminum-made joinery. This will enable completion and modernization of the company's production process, the USAID said yesterday. The funds were provided by the USAID's Economic Security Program with the aim of ensuring a portion of the funds necessary for purchasing four machines for the company, which will make it possible for the company to develop its production capacities, improve the quality of its products and get into new markets, it was said in the statement.

The official putting of the new production line into operation will be organized on December 22, while a representative of the USAID's office in Vranje and the USAID's Economic Security Program Director Michael Pillsbury will attend the event. "Steel U"is one of eight winners of the second circle of competition in drawing up business plans, which the USAID initiated at the beginning of the year in order to find the companies with the potential for development and to promote entrepreneurship in the region.