Call for Businesses to Participate in Grant Innovation Program

On May 31, the Ministry of Economy announced an invitation for businesses to apply for a grant support program for sole proprietors, micro and small companies, and cooperatives. The program was designed with USAID BEP assistance. The grant program will be implemented through four banks and two leasing companies which offered the most favorable lending conditions: Credit Agricole Bank, Erste Bank, Unicredit Bank, Banca Intesa, Intesa Leasing, and Unicredit Leasing.

 In addition to designing the grant scheme, USAID BEP developed a monitoring and assessment framework that will enable the MoE to evaluate this initiative and all future programs/grants aimed at facilitating investment in equipment. In parallel, USAID BEP representatives and the Ministry of Economy held a meeting with the selected banks and leasing companies to clarify all technical procedures and rules for implementing the grant scheme. This meeting was particularly useful for leasing companies as this is the first time that leasing firms have been included in a state support program. The public invitation has been published on





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