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EIB loan at the end of the month |
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Macedonia -
Economy
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Tuesday, 13 October 2009 10:08 |
 This is the one million euro loan requested via Commerce Bank and Bitola, which was approved by the European Investment Bank.
The one hundred million euro divided in instalments of €3 million per instalment, the government is expected to complete the first lot by the end of the month so that companies will receive their funds.
Interest rate is six percent in the first year, and then the interest rate will be calculated according to the EURIBOR interest. Stavreski doesn't expect any significant change in EURIBOR rates in the next period.
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