Financial institutions play a crucial role in stimulating the transition towards modern, competitive economy.
Nonetheless the capacity of local banks to finance modernisation investments continues to be limited due to a number of technical barriers (national regulatory frameworks, lack of local expertise) and financial barriers (small businesses perceived as being more risky, limited capital, skills remain weak in banks).
The EBRD helps address these challenges by increasing the funding available for key investments. It has also attracted the support of the European Union to fund a team of consultants and offer incentive grants to facilitate the uptake of these investments.
Investing in modern technologies increases the competitiveness of companies, which are consequently perceived as being less risky by banks.
Investing in the alignment with EU Directives opens up export opportunities abroad.
New market opportunities abroad can quickly translate into additional revenues. Improved quality standards, which generally result from these investments, always translate into additional revenues in generated in the home market.
Last but not least, at least 90% of eligible investments have the value-added benefit of energy savings. This mans cost savings, which increase the profitability of investing companies.
Thanks to the subsidies allocated by the European Union, technical assistance is provided to SMEs of charge, to help them ensure they comply with the requirements.
Experts can advise investors on the most suitable equipment choices.
Experts can also advise investors on additional investment opportunities as well as in possibilities for ISO and other types of certification, which will bring the investor’s business and its processes even closer to alignment with EU directives.