Harrisons has advised the EBRD on two loans to Erste Bank a.d. Novi Sad – one for EUR 25 million under the Resilience Framework and one for EUR 5 million under the SME Competitiveness Support Programme.
The Resilience Framework was established by the EBRD as part of COVID-19 Solidarity Package to support EBRD's existing client in response to the economic consequences caused by COVID-19 pandemic.
The SME Competitiveness Support Programme has been established by the EBRD to help finance investments in micro, small, and medium-sized enterprises in the Republic of Serbia that will assist in improving the competitiveness and compliance with technical standards in line with the EU acquis communautaire.
Harrisons’ team included Lawyers Ines Matijevic-Papulin and Mina Markovic.