GENERAL ASSEMBLY OF AECM

Application of the Guarantee Fund of the Autonomous Province of Vojvodina, Serbia

Berlin, 18th June 2015

About us – Serbia

Official name of

the country

Republic of Serbia

System of

government

Republic

Political structure President, unicameral

assembly with 250 deputies

Surface 88.361 km2

Population 7.186.862

Geographical

environment

Southeast Europe, central

part of Balkan Peninsula at

the crossroads of the pan-

European corridors 10 and 7

GDP 29,6 billions of Euros

GDP per capita 4.112 Euros

About us – Vojvodina

Autonomous Province of the Republic

of Serbia

Situated in the north of Serbia

Multiethnic, multicultural region, with

more than 25 national or ethnic

communities

Predominantly agricultural region

1.995.679 inhabitants

84% of the territory is agricultural

land

Surface> 21.506 km2

About us– Novi Sad

Novi Sad

Proprietary structure, financing and organization

Bodies of the Fund Government of the AP of

Vojvodina

Assembly of the AP of

Vojvodina

Managing Board

Managing Director Government proposal Appointed by the

Assembly

Managing Board Gov. proposal Appointed by the

Assembly

Supervisory Board Gov. proposal Appointed by the

Assembly

Guarantee Issuing

Commission

Appointed by the

Managing Board

General Deeds of the

Fund

Articles of Assocation Approval Adopted by the Board

Operating Rules Approval Adopted by the Board

Annual Operating

Program

Approval of the Gov. Adopted by the Board

Annual Report on

Operations

Approval of the Gov. Adopted by the Assembly Adopted by the Board

-The Fund is state owned -The Autonomous Province of Vojvodina is the owner of the capital -The initial capital (equity capital) of the Guarantee Fund of the Autonomous Province of Vojvodina has been provided from privatization and budget income The operation of the Fund is regulated by the following documents: -Articles of Assotiation of the Guarantee Fund of the Autonomous Province of Vojvodina -Guarantee Fund Operating Rules -Annual Operating Program of the Fund

Business processes of the Fund

Procedure description

Procedure description

Procedure description

Number of issued guarantees from 2005 to 2014

Action 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Procurement of

agricultural

machinery

115 136 142 201 54 52 16 82 95 70

Support to export 4 8 0 0 0 0 0 0 0 0 Women

enterpreneurship 0 0 43 53 30 24 19 11 12 16

Procurement of

mineral fertilizer 12 13 17 0 0 0 0 0 0 0

Purchase of

agricultural land 0 0 0 85 0 0 30 24 64 76

Total 131 157 202 339 84 76 65 117 171 162

0

50

100

150

200

250

300

350

400

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Number of issued guarantees from 2005 to 2014

Value of issued guarantees from 2005 to 2014

Action 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Procurement of

agricultural

machinery

3.345.000 4.104.000 7.943.000 8.110.000 2.000.000 1.452.000 588.000 2.810.000 2.517.805 1.455.687

Support to

export 206.000 575.000 0 0 0 0 0 0 0 0

Women

enterpreneurship 0 0 663.000 771.000 568.000 296.000 229.000 110.000 129.483 215.119

Procurement of

mineral fertilizer 1.183.000 950.000 2.041.000 0 0 0 0 0 0 0

Purchase of

agricultural land 0 0 0 600.000 0 0 239.000 221.000 1.287.653,8 1.621.560

Total (EUR) 4.734.000 5.629.000 10.647.000 9.481.000 2.568.000 1.748.000 1.056.000 3.141.000 4.099.920 3.292.366

000

2.000.000

4.000.000

6.000.000

8.000.000

10.000.000

12.000.000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Value of issued guarantees from 2005 to 2014

Number of issued guarantees for each open competition (2005 - 2014)

0

50

100

150

200

250

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Poljoprivredna mehanizacija

Podrška izvozu

Zensko preduzetništvo

Nabavka poljopriv. đubriva

Kupovina poljoprivr. zemljišta

Agricultural machinery Support to export Women enterpreneurship Procurement of mineral fertilizer Purchase of agricultural land

Guarantee Fund Exposure/ Invested funds for guaranteeing (EUR) from 2005 to 2014

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Exposure 0 8.466.350 6.693.235 18.774.317 21.934.366 16.702.516 12.454.464 8.455.691 9.696.264 10.249.029

Guarantee

Potential 6.303.779 14.576.154 19.813.975 28.650.099 29.611.271 30.405.508 28.306.983 30.421.891 31.621.256 20.185.693

000

5.000.000

10.000.000

15.000.000

20.000.000

25.000.000

30.000.000

35.000.000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Izlozenost

Garantni Potencijal

Exposure Guarantee Potential

Engagement guarantee potential by action 2005-2014

*Total nominal value of issued guarantees without accrued interest

Action Results of action Invested funds RSD Invested funds EUR Number of

guarantees

Procurement of mineral fertilizer 20.148 tons 334.053.488,80 2.783.779 42

Procurement of new agricultural

machinery 1102 units 3.107.275.390,48 25.893.961 977

Support to women enterpreneurship 804 new jobs 262.337.639,08 2.186.146 212

Purchase of agricultural land

1303 hectares 456.368.772,648 3.803.073 280

Support to export 781.000,00 EUR 62.500.000,00 781.000 12

4.222.535.291,00 35.447.959 1523

Prize of the Regions

The Autonomous Province of Vojvodina was awarded Prize of the Regions of the Council of Europe Congress

for the project “Suppoarting Women’s Entrepreneurship” by Guarantee Fund of AP Vojvodina

RS, 21000 Novi Sad, Hajduk Veljkova br.11 Telefoni: (021) 489-3700

Fax: (021) 489-3700 e-mail: garfondapv@neobee.net

www.garfondapv.org.rs

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