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MINISTRY CONTINUES TO GRANT LOANS FOR SMALL-SIZE ENTERPRISES

ZAGREB, Feb 7 (Hina) - The Croatian Crafts, Small and Medium-Size Enterprises Ministry in January and early February announced public bids for the continuation of implementing loan programmes for the development of small enterprises. Along with lower interest rates for some programmes from the past years, another novelty is the launching of a programme for awarding non-repayable loans for newly-established producers' cooperatives.
ZAGREB, Feb 7 (Hina) - The Croatian Crafts, Small and Medium-Size Enterprises Ministry in January and early February announced public bids for the continuation of implementing loan programmes for the development of small enterprises. Along with lower interest rates for some programmes from the past years, another novelty is the launching of a programme for awarding non-repayable loans for newly-established producers' cooperatives. #L# The interest rate of the export loan programme dropped from last year's 5.5 percent to 4.4 percent, while the interest rate of the new technology loan programme dropped from 7.5 to six percent. So far, measures for stimulating small-size enterprises have proved to be very successful, which can be backed up with data on 40,000 new employees in small-size enterprises in the past three years and an increased number of business operators, the ministry says. In 2002 there were 16,254 business operators more than in 1999. This year, the ministry will continue to implement the programme of awarding non-repayable subsidies to student cooperatives, as well as the programme of developing entrepreneurial zones in local self- government. The ministry will also continue the programme of developing traditional crafts and the programme of awarding non-repayable loans amounting to 10,000-30,000 kuna for the preparation and introduction of ISO standards. (EUR1 = 7.5 kuna) (hina) it sb

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