ZAGREB, February 18, 2018 - The Zagreb Stock Exchange (ZSE) has launched a new trading platform intended for small and medium-sized enterprises in order to make it possible for them to have access to capital at all stages of their growth.
"Platforms of this kind are designed as places where SMEs can have easier access to capital necessary for their growth and development," the ZSE board chairwoman, Ivana Gažić, said while presenting the Progress platform earlier this week.
SMEs account for a majority of privately-owned companies in the country, employ most of the workforce and are at the top of EU rankings in terms of creating additional value. However, they have not yet reached the level of growth they had before the 2008 crisis.
In Croatia, there are some 13,440 companies that can be categorised as medium and small, and 1,332 of them have an equity of between 2 and 20 million euro. They are the target of the Progress platform.
Companies interested in joining the Progress platform can use the services of consultants licensed by the ZSE.
