COSME – Competitiveness of Enterprises and Small and Medium-sized Enterprises

The COSME Agreement between European Investment Fund and Kosovo Credit Guarantee Fund KCGF was signed on May 14, 2019. The volume of supported loans for SMEs is expected to reach up to EUR 90,000,000 over a period of two years.

COSME is the EU program for the Competitiveness of Enterprises and SMEs, running from 2014 to 2020, with a budget of €2.3billion.

COSME is a program implementing the Small Business Act (SBA) framework which reflects the Commission’s political will to recognize the central role of SMEs in the EU economy.

One of COSME’s main objectives is to provide enhanced access to finance for SMEs in different phases of their lifecycle: creation, expansion or business transfer. In order to achieve this objective, the EU will mobilize loans and equity investments for SMEs.