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. Last Updated: 07/27/2016

$150M Balkan Fund

LONDON -- The European Bank for Reconstruction and Development and the U.S. have launched a $150 million investment fund to assist small business in the Balkans.

The fund, launched Tuesday with $100 million from the EBRD, Eastern Europe's development bank, and $50 million from the U.S., will allow the EBRD to increase support for small businesses in Albania, Bosnia, Bulgaria, Croatia, Macedonia and Romania.

The program will begin lending towards the end of the summer and will target companies ranging up to 20 employees to small and medium-sized enterprises, which typically employ between 100 and 250 employees.