EU, Germany allocate three million euros to mitigate impact of Covid-19 crisis in Bosnia and Herzegovina

As part of the joint project of the European Union and the German government – EU4BusinessRecovery, to help companies mitigate the consequences of the Covid-19 pandemic, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH has launched a public call for proposals projects in the metallurgy and wood processing sectors.

Under the call for proposals, a grant fund worth € 3 million is available for reset and stimulus measures for micro, small and medium-sized enterprises in the metal and wood sectors in Bosnia and Herzegovina. The amount of possible funds per project can be up to 48,000 EUR and can be used for projects focused on activities such as: implementation of industry standards, implementation of state-of-the-art machinery energy efficiency, dual or multisource purchasing strategies, development of the business market entry strategy, innovation in digital marketing, etc.

Nils Wetzel, Project Manager at GIZ, said: „Manufacturing industries have been hit hard by the COVID-19 pandemic. Supply chains have been disrupted, factories shut down during the lockdown and large numbers of jobs have been threatened. On the other hand, customers in key markets have started to reorganize their business models, looking for suppliers closer to their sites, which means that nearshoring could become a major strategic development. This is why the European Union and the German government will help SMEs in the metallurgy and wood processing sectors to restore supply chains, increase access to key markets and strengthen the resilience of their models. commercial. „

Applications can be submitted online via the following link:

The EU4BusinessRecovery project helps micro, small and medium-sized enterprises in Bosnia and Herzegovina to continue their business activities and preserve jobs, especially entrepreneurs, young people and other vulnerable groups, by starting their own businesses and overcoming the effects negative effects of the Covid-19 pandemic by creating a more resilient business environment. The total value of the project is 13.7 million euros, jointly funded by the European Union (13 million euros) and the German government (0.7 million euros). EU4BusinessRecovery is implemented jointly by GIZ, ILO and UNDP, from 2021 to 2023.

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