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Author: WeBalkans

EBRD and EU boost resilience of small businesses in Bosnia and Herzegovina

The European Bank for Reconstruction and Development (EBRD) is providing a €10 million loan to Intesa Sanpaolo Bank in Bosnia and Herzegovina for on-lending to small and medium-sized enterprises for investments in competitiveness and measures to overcome the economic downturn accompanying the COVID-19 pandemic.

 

In addition to loans, SMEs will benefit from tailored technical assistance for project preparation and implementation, as well as grant incentives worth up to 15 per cent of the total loan amount on successful project completion. The technical assistance and grants are funded by the European Union through the Western Balkans Enterprise Development and Innovation Facility.

 

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CEB supports employment in Albania

The Council of Europe Development Bank (CEB) has approved a €15 million loan to ProCredit Bank Albania to provide small and medium-sized enterprises (SMEs) with access to long-term financing, and thus to support employment.

 

By funding SME investments and working capital, the loan will offer a defence against further deterioration of a labour market which has been challenged by COVID-19. Some 100 projects are expected to benefit from the financing, particularly in the trade and manufacturing sectors.

 

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Green financing boost for farmers in Kosovo

The Green for Growth Fund (GGF) is investing €3 million in expanding credit lines for green measures in Kosovo. These include updating agricultural equipment with more energy efficient models or improving household insulation in order to reduce energy waste. The investment is expected to save over 2,700 MWh and reduce more than 320 tons of CO2 emissions every year, with a particular focus on maintaining the ability of borrowers to continue investing in a greener future, even against the background of the COVID-19 crisis.

 

The GGF was initiated in December 2009 as a public-private partnership between Germany’s KfW Development Bank and the European Investment Bank, with financial support from the European Commission, the German Federal Ministry for Economic Cooperation and Development, the European Bank for Reconstruction and Development, and the Austrian Development Bank. This grant has been made to the KEP Trust microfinance organisation for on-lending to private individuals and small farmers in Kosovo.

 

The GGF invests in measures designed to cut energy use and CO2 emissions, and improve resource efficiency in 19 markets across Southeast Europe and Turkey, the European Eastern Neighbourhood Region, and the Middle East and North Africa.

 

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EFSE supports the financing of small-scale farmers in Albania

The European Fund for Southeast Europe (EFSE) has provided a €3 million loan to FED Invest, a specialised agriculture lender in Albania, to extend much-needed liquidity to farmers in rural areas. Agriculture contributes to 20% of Albania’s GDP and over half of employment. By increasing the availability of loans to micro and small enterprises in the agricultural sector, FED Invest and EFSE aim to equip rural farmers with the resources they need to weather the COVID-19 crisis.

 

The European Fund for Southeast Europe is a public-private partnership which is supported with funds from various private investors and donor agencies including the European governments and the European Union.

 

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WBIF and EBRD support Serbia to expand broadband to rural areas

Over 90,000 households and 600 schools and public institutions in rural areas in Serbia will gain access to fast broadband thanks to a government digitalisation project supported by the European Bank for Reconstruction and Development (EBRD) and bilateral donors under the Western Balkans Investment Framework (WBIF).

 

An €18 million EBRD loan and a €1.7 million WBIF bilateral donors’ grant will allow Serbia to finance the design and construction of fibre broadband infrastructure in rural regions of the country. The project is part of Serbia’s initiative to promote digitalisation as a driver of economic growth and to position the country as an IT development hub. It has been also identified as one of the flagship projects in the Economic and Investment Plan for the Western Balkans.

 

The WBIF is a joint initiative of the EU, financial institutions, bilateral donors and governments of the Western Balkans, focused on strategic investments in energy, environment, social, transport and digital infrastructure sectors

 

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The film festival that brings 50,000 visitors to a small city in Kosovo

From humble beginnings, the documentary and short film festival, DokuFest, has become one of the best-known film festivals in the region. An idea, the equivalent of €1,000 and a passion for bringing life to their small city was all it took for some enthusiastic film-lovers from Prizren in Kosovo to start what has become one of the best-known film festivals in the region –DokuFest. Next year DokuFest will celebrate its 20th anniversary. In that time, the festival has become one of the qualifying festivals for the British Academy of Film and Television (BAFTA) awards, and for the last two years it has been rated as one of the “25 coolest film festivals in the world” by MovieMaker magazine. Veton Nurkollari is one of the founders of the festival. He reminisces: “It was immediately after the war, and we had an urge to bring some cultural energy to the city. We thought about organising a film festival but, to be frank, we had no idea how to do this. There were about ten of us, and none of us had any experience in organising a film festival. Actually, none of us back then had even visited a film festival! But nevertheless, we decided to give it a try.” “Through its selection and funding mechanisms, the EU has identified us as an activity worth supporting, and we can only express our sincere gratitude.” Starting small For the first edition, they raised the equivalent of around €1,000 from a donor organisation and contributed an equal amount themselves and borrowed an amateur film projector from a film professor. They managed to gather 32 short and documentary films for screening, mostly from neighbouring countries. The festival was ready to roll. A few dozen guests, mainly film professionals, attended the festival week. For the next five years, all the work done for the festival was on a volunteer basis, and the founders often had to contribute their own money to keep the festival going. Their efforts paid off. DokuFest  now brings around €5 million in turnover to the city each year and approximately 50,000 film lovers attend the week-long festival. This is an enormous contribution to the economy of a town with 80,000 inhabitants. In the past 20 years, the festival has also contributed to the wider image of Kosovo through articles in newspapers such as The Guardian and the ten-page feature about the festival in Lufthansa’s inflight magazine. However, funding remains a challenge. Veton references other film festivals such as the Berlinale, which runs on around €30 million, or Sarajevo’s film festival, which works with an annual budget of €2 to €4 million. By comparison, DokuFest’s recent budget of €400,000 seems tiny. “Of course, this is a huge increase compared to the budget we started with, but it’s not enough to organise a global level film festival,” Veton says. “We want to keep introducing innovations to the festival, but for this we would need to have a budget of at least €700,000 and maybe up to €1 million each year.” International donors, including the European Union, and the private sector have been the festival‘s most prominent supporters. Veton explains that the support provided by the EU was significant. ”The EU has provided continuous support for the festival. They supported us with the funding for the construction of the new cinema as well as many other smaller-scale projects,” he says. One that Veton highlights is the training programme for young filmmakers. This programme was initiated with the support of the EU’s European Instrument for Democracy and Human Rights (EIDHR) programme. The project started in 2013 with the aim of promoting inter-community and inter-ethnic relations in Kosovo through visual storytelling by young people from different communities and ethnicities. Even after the project funding ended in 2015, the training programme has continued and seven generations of young people have been trained, producing over 70 films. Some of them are now competing in important film festivals around the world. “Through its selection and funding mechanisms, the EU has identified us as an activity worth supporting, and we can only express our sincere gratitude,” says Veton.

“An opportunity to provide joy to so many people through your work is something incomparable. I hope that the festival will continue with this kind of positive energy and passion for the years to come.”

Twenty years may have passed, but the festival probably has many years to go. “It has been an extraordinary journey beyond my wildest dreams,” says Veton. “An opportunity to provide joy to so many people through your work is something incomparable. I hope that the festival will continue with this kind of positive energy and passion for the years to come. Every ounce of effort was worth it.” A legacy passed to younger generations Only two of the founding members remain part of the festival management and Veton is proud of this: “Our intention was to involve as many young people as possible in managing the festival. Our current festival director joined us as a volunteer many years ago, and now she is the manager of the overall enterprise.”

Making the Tara river canyon an international tourist destination

An entrepreneur from Bosnia and Herzegovina has turned the Tara Canyon into a source of income for the countries connected by the river. The Encijan rafting camp sits in the Tara River Canyon, which connects Bosnia and Herzegovina with Montenegro. The Canyon is considered one of the most beautiful in the Western Balkans, and the camp the most special in the Canyon. With accommodation in chalets, traditional cuisine, a terrace above the river and the stunning environment around it, the camp has been a favourite spot for lovers of rafting and nature holidays for more than 15 years. From hobby to serious business enterprise Milan Šupić, from the nearby town of Foča, is the owner of the camp. Until 20 years ago, rafting was only a favourite hobby for him, but then he decided to turn it into a business. The decision changed his life but also created a new source of income for many of the citizens of his hometown. “At the beginning, the business did not do well. But then, over the next four to five years, the camp became a serious enterprise. When you do something you love, success is inevitable,” says Milan.
“At the beginning, the business did not do well. But then, over the next four to five years, the camp became a serious enterprise. When you do something you love, success is inevitable.”
Milan explains that when he decided to go into business, there was nothing there. Now, the Tara River Canyon is a popular destination for rafting lovers in the Western Balkans. Twenty-five new rafting camps have since been established around the Canyon. In each of the past two years, approximately 50,000 tourists visited the Canyon. The region also offers adventure tourism activities, including canyoning and hiking through the natural beauty of Sutjeska and Durmitor national parks. Milan explains that visitors usually stay five days to enjoy the full package. They spend the nights with traditional food, drinks and campfire, and during the day they go rafting or enjoy one of the other kinds of adventure tourism. However, like many enterprises starting out in the Western Balkans, Milan’s business had its challenges. He remembers that 20 years ago there was no proper road to the Canyon. The only way to reach it was to take a long walk through a dense wood, or a boat trip. “When I decided to construct the camp, I had to take all the material first to the other side of the border to Montenegro, and from there transport the material by boat to the location of the camp,” he says. A tarmac road now makes it possible to reach the Canyon by car and minibus, but the increasing number of visitors also called for improvements in visitor safety and better information services.

“The project placed new orientation signs along the road; in addition, they placed benches and identified panorama. These were maybe small but certainly important elements for an international tourist destination such as the Tara River Canyon.”

The T.A.R.A project was funded as part of the BiH-MNE 2014-2020 Cross-Border Cooperation programme. The lead partner is Plužine Municipality from Montenegro, and other partners are the Piva Nature park, Foča Municipality and the Foča Municipality Tourist Organisation from Bosnia and Herzegovina.
EU support for a safer, richer tourist experience To meet these challenges, support from the EU-funded Tourism, Adrenaline and Rafting Adventure (T.A.R.A.) project “came just at the right time” according to Milan. He explains that following the construction of the new road, the number of visitors who started to travel in their own vehicles increased. The road was not marked, and some of them got lost or delayed. Thanks to the project, the road is now properly signposted, with benches and panorama points indicated along the route. Other infrastructure improvements are ongoing. Plans include the construction of raft platforms at arrival and descentpoints, a floating platform on Piva Lake, viewing platforms for nature watching, and rock climbing routes. The project is also contributing to the safety protocols for visitors with increased coordination of the rescue services on both sides of the border, development of joint safety procedures with joint emergency drills and rescue exercises, and purchasing rescue equipment.

Council of Europe Development Bank (CEB) launches the 2021 Social Cohesion Award to recognise outstanding social action in Europe

With the COVID-19 pandemic disproportionately impacting the most vulnerable, social action and innovation are needed more than ever. The CEB Award for Social Cohesion will award a €25,000 prize to a project that addresses pressing social issues. The competition is open to small organisations and individuals from the CEB’s 42 member countries who can nominate projects at an early stage of implementation. The deadline for receiving applications is 12 April.

 

“The driving force behind this initiative is our search for a way to give recognition to projects which contribute, each in its own way, to social cohesion in Europe. By drawing wider attention to such projects and rewarding them, we want to encourage more activities like these,” said CEB Governor Rolf Wenzel at the virtual opening event.

Call for proposals to promote diversity and intercultural dialogue at the local level in Serbia

The Council of Europe has opened a call for applications by civil society organisations (CSOs) and local government institutions who have project ideas focused on promoting the rights of national/ethnic minorities and LGBTI persons and their protection from hate speech and hate-motivated violence. Preference will be given to proposals which demonstrate strong collaboration and partnership between CSOs and local/municipal authorities.

EU supports the recovery of entrepreneurs and farmers in Bosnia and Herzegovina from the impact of the COVID-19 pandemic

The EU4Business Recovery project, worth 13.7 million, will secure more than 1,000 jobs threatened by the pandemic, and at least 100 new jobs will be created. The project will support micro, small and medium-sized enterprises to continue in business and keep jobs, and will also focus on helping women entrepreneurs, young people and other vulnerable groups to start up their own businesses.

 

Alongside this initiative, the EU4AGRI Recovery project, worth 5 million, will provide direct support to farmers, businesses and rural tourism operators to develop long-term resilience in the sector, retain existing jobs and create new ones, especially for women and youth. The project will ensure the retention of more than 400 jobs, while creating at least 100 new jobs with a focus on the environment and sustainable agriculture. Additionally, the project will provide support for establishing 20 new innovative and environmentally responsible start-ups.

 

Grants for farmers and entrepreneurs will be provided through an open call for proposals.