EBRD SELECTS SEECAP DIRECTOR AS ITS CONSULTANT
Published
Following comprehensive and rigorous due diligence and an assessment of competence and integrity, the EBRD has selected SEECAP Director Zoran Mitić as one of its consultants for the Enterprise Growth Programme (EGP). Zoran Mitić is an EBRD Consultant – Finance Specialist.
The EGP forms part of a support programme for majority privately owned enterprises in Serbia, aimed at enhancing their competitiveness and performance through the engagement of specialist consultants. The consultants are predominantly international experts in specific industrial sectors, management, sales, marketing, finance, and related fields, who are engaged to improve one or more areas of a company's operations (such as production and marketing, or management and finance).
A project may, for example, focus on a single area, such as stabilising a company's financial position, reducing operating costs, refinancing existing commercial bank loans, or raising equity from financial or strategic investors.
An EGP project typically lasts between 12 and 18 months. The programme is funded by the European Union and managed by the EBRD. The eligibility criteria companies must meet to qualify for EGP support are:
- Preferably between 100 and 500 employees
- Annual turnover not exceeding €50.000.000
- The capacity to co-finance 10–50% of total project costs (average EGP project costs amount to €50.000). In other words, the EBRD may cover 50–90% of project costs.
Further details regarding the EGP in Serbia are available on the official EBRD Serbia web page.
