The first guarantee agreement, Erasmus+, worth EUR4.5 million will enable 450 students to undertake doctoral studies abroad. The Investment Plan for Europe includes three guarantee agreements for SMEs, carried out with CEC Bank (EUR25 million), Deutsche Leasing Romania IFN (EUR80 million) and Libra Internet Bank (EUR63 million).
The guarantees provided for Erasmus enable 450 students to access loans under favourable conditions in order to study in other EU countries, as well as in Island, Liechtenstein, North Macedonia, Norway and Turkey.
The agreements concluded with the three above-mentioned banks will enable the latter to grant new loans worth approximately EUR168 million for SMEs in Romania.