Nis City Mayor Darko Bulatovic and the manager of the German organization HELP-Hilfe zur Selbsthilfe e.V. for economic development Ms. Maša Bubanj signed a new cooperation agreement for the project “Supporting Socio-Economic Stability in the Region of the Western Balkans 2019-2020”financed under the German Development Cooperation. The project objective is to increase the capacity of economically and socially vulnerable population groups and to improve treatment programs in institutions for the enforcement of criminal sanctions and reintegration processes and their full involvement in society. The value of the Project for the City of Nis is 72,000 euros, of which the City co-finances the project in the amount of 28,800.00 euros and the Government of the Republic of Germany with funds in the amount of 43,200.00 euros. The project will be implemented in the territory of the City of Nis until December 31, 2020. The project is based on educational and economic support to the local development of the City of Nis, with the implementation of mechanisms for strengthening the development of micro businesses in the city. The main activities will concentrate on the direct opening of new jobs, through the help to small businesses in the form of grants, organizing business and vocational training. HELP-Hilfe zur Selbsthilfe e.V. will support the implementation of existing local development strategies and support the sustainable development process as a whole. Within the project, at least 30 micro businesses in Nis will be supported in their intentions for starting or developing business activities. Support includes: donation in equipment or material with an average value of EUR 2,400.00; organization of business and professional training according to users’ needs.