SME
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SMEs May Access Annual Credit Lines Of Up To RON0.4M With Subsidized Interest
Small and medium-sized enterprises (SMEs) in Romania will be able to access annual credit lines capped at 400,000 lei (EUR90,600) per firm starting April 4 through the state-supported “Mihai...
Romania To Amend SME Law, Government Approval Expected In May
Romania will bring new changes to the law regulating small and medium-sized businesses and the new bill is expected to reach the government for approval in around six week, an Economy Minist...
SME Loan Guarantee Fund’s Net Profit Rises To Record RON27M In 2012
The National Fund Guaranteeing Loans for Small and Medium Enterprises (FNGCIMM) said Monday it registered net profit of about 27 million lei (EUR6.2 million) in 2012, five times higher on th...
SME Council: Minimum Wage Raises Must Consider Productivity To Avoid Small Business Bankruptcy
Representatives of Romanian small and medium-sized enterprises support the increase of the minimum wage to 800 lei (EUR182) in 2013 but warn that minimum wage raises must be correlated with...
Ghetea: SME’s Foreign Currency Lending Could Be Conditioned On Foreign Currency Resources
The new regulation on foreign currency lending to small and medium-sized enterprises (SMEs) could condition borrowing in hard currency by obtaining revenue in the said currency.
Romania’s SMEs Non-Performing Loans At 20% In 2011
Non-performing loans in the small and medium-sized enterprises SMEs sector rose from 2% at the burst of the financial crisis in October 2008 to almost 20% end-2011, according to the represen...
Government Promises Scheme To Aid SMEs In IT Sector
The Government will start talks this autumn over a state aid scheme for small and medium-sized enterprises in the IT sector, after this week it approved EUR100 million in aid for the large c...
SME Loan Guarantee Fund Granted Guarantees Of RON1.3B In Jan-May
The National Fund Guaranteeing Loans for Small and Medium Enterprises (FNGCIMM) offered 4,100 guarantees to firms in the first five months of 2012, which amounted to 1.3 billion lei (EUR291....
SMEs Facing Enforced Execution May Access Loans Guaranteed By State As Of July 1
Romanian small and medium companies facing enforced debt payment proceedings will have access, as of July 1, to loans with government guarantees and counter-guarantees, as long as their dest...