TIRANA, September 30 /ATA/ – Deputy Prime Minister Albana Koçiu stated today that the “Double Your Business” program has attracted interest from over 1,700 businesses, with 800 applications currently under review.
In a video message, the Deputy Prime Minister outlined the progress of the program, which provides small and medium-sized enterprises with financing opportunities to expand their operations, purchase equipment and increase production capacity.
“Ten days post-launch, the platform has captured 241 applications through e-Albania. Local banks are processing 222 of these requests, and 20 businesses have already received green lights for loan financing,” Koçiu said.
“Many businesses have the ideas and the drive to take the next step, but face difficulties in securing financing. Through this program, we aim to give them the opportunity to invest, grow and create new jobs,” she noted.
Koçiu also announced that a financing line of €250 million has been made available for the program, with the potential to expand to €1 billion. “Enterprises can secure financing of up to €2 million, with a preferential interest rate of 2–3% and up to 70% coverage via the Sovereign Guarantee, subject to application terms and bank assessments,” she emphasized.
Koçiu stated that, “Albanian entrepreneurs are showing a strong appetite for investment and growth.”
“Every investment made represents an opportunity for business growth, new jobs and increased income for Albanian families,” Koçiu said.
/k.s/j.p/p.s./
