Company’s export budget is largely determined by the countries or markets it is targeting and the products or services it is exporting.

An export budget should cover all the costs the company is likely to incur when marketing its products or services abroad, as well as the costs needed to run its export business.

A wide range of funding options now exists, with various grants, venture capital and equity sharing deals increasingly commonplace.

However, banks remain the easiest and most approachable method of gaining access to funding, while most banks also offer tailored services for exporters. Existing bank manager of the company might be wisest first port of call.

We also recommend checking the available information on the website of Macedonian Bank for Development Promotion which offers export credit financing.