EU, GIZ Visit Beneficiaries of SME-Focused Grant Assistance

Head of Cooperation at the EU Delegation to Bosnia and Grants and Innovation Manager of EU ProLocal Program visited three small and medium sized enterprises in Zenica, Žepče and Gračanica, which are beneficiaries of the grant assistance provided through the EU ProLocal Program. The program was launched in 2016 by the European Union and German Government aiming to support sustainable economic development in Bosnia.

The SMEs visited – furniture maker Fantasy Unikat in Zenican, Vin Metal enterprise for metal processing in Žepče and wood processing company Tursunprom in Gračanica – have used their grants to purchase modern equipment which allowed them to increase production, expand client base and employ more people.

“Today we saw concrete results of the financial assistance provided by the EU in cooperation with the German Government to the small and medium sized enterprises to maintain and increase their competitiveness. Continuous focus on improving businesses, diversification of assortment, increasing production and sales, export orientation and, most importantly, preserving existing and creating new jobs is in the focus of the EU support to sustainable economic development in BiH ,” said EU Delegation’s Melvin Asin.

The EU ProLocal Program is a part of the larger EU Program for Local Development and Employment. It is implemented by GIZ, and co-funded by the EU and the German Government, aiming to help create over 450 new jobs, introduce 200 small farmers into value chains and launch 20 innovative actions at company level.

“Common to all companies we visited today is a clear vision for further growth and strengthening competitiveness, as well as strong decisiveness to overcome bureaucratic obstacles for business development and create more jobs,” said Gligor Stojkov of the ProLocal Program.

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