What HBOR’s programmes are covered by the NPOO subsidy?

• Youth, Female and Start-up Entrepreneurship
• Private sector investments
• Public sector investments
• EU projects

Who can be granted an NPOO subsidy?

• Micro, small and medium and large entrepreneurs registered in RH,
• undertakings which are not in difficulty and
• entrepreneurs whose activity is not prohibited by the Operational Programme of the NPOO.

Which investments are eligible?

• Fixed assets investments* - investments in tangible and intangible assets with the aim of starting a business, business modernization, introduction of new technologies, capacity increase (including tourist capacities), development and introduction of new products or services, business digitalization, investments in ecologically acceptable manufacturing processes and efficacy of resources, research and development, etc.
• Investments in working capital* - up to 30% of the loan at most (working capital necessary to implement business investments and development).  
* refers to the net amount, less VAT.

How much subsidy can be obtained?

What does the subsidy amount depend on?

The maximum subsidy amount depends on the size of the entrepreneur, the investment type and the EU and national support already used so far. The interest rate subsidy is determined when the loan is approved and represents the highest possible amount of interest rate subsidy per individual loan. When contracting, the interest rate percentage and amount paid by HBOR is defined, and the entrepreneur pays the difference to the rest of the agreed interests.

What is the maximum subsidy amount for a particular loan?

• up to EUR 1,000,000 for large (over 3,000 employees) and mid-cap companies (from 250 to 3,000 employees), 
• up to EUR 500,000 for micro, small and medium entrepreneurs (up to 249 employees and annual turnover up to EUR 50 million and/or annual balance up to EUR 43 million according to the last available annual financial statements) and
• up to EUR 1,000,000 for the public sector.

What is the DNSH principle and how to prove it?

Subsidy approval is subject to providing proof that the investment meets the principle of not causing significant damage to environmental and climate goals (DNSH-Do No Significant Harm), which is a part of the strategy for achieving a sustainable economy of the European Union. For this purpose, the entrepreneur fills out a self-assessment questionnaire to identify climate, environmental and social risks and impacts and possible significant contribution of the proposed investment to environmental goals.

Which steps are necessary to be granted RBA financing and the NPOO subsidy?

1. Submit a loan application and an NPOO subsidy application at RBA.
2. If a positive decision is passed, the bank sends the application to the HBOR.
3. If the HBOR’s decision is positive, the bank makes an agreement with you and collects the required security instruments as defined under the loan agreement.
5. The bank disburses the loan.