Saturday, February 24, 2007

Germany, Macedonia to sign agreement on financial cooperation

Representatives of the Macedonian and German Governments are due to sign today an agreement on financial cooperation for the project "Improving of small- and middle-size private enterprises".

Macedonian Finance Minister, Trajko Slavevski, and the German Ambassador to Macedonia, Ralf Brett, will sign the document on the behalf of their Governments.

Germany has approved a concession loan totaling 7.699.000 euros (30-year, 2% fixed rate), as well as non-repayable financial aid of 523.000 euros intended for accompanying measures necessary for institutional support of the businesses bank that will execute the loan.

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