Speaking at the MEDIAFAX Talks about SMEs conference Thursday, Jianu said the future bank should finance start-up businesses and micro-enterprises and ensure co-financing, namely, the automated co-financing of those receiving EU funds under related programs.
Jianu also spoke about the importance of bridge loans which, he pointed out, are highly useful in the relation between the public and private environments. The minister explained that a county/local council or a city hall should have the possibility, when they are under a business contract and have no cash, to get a bridge loan and pay their subcontractors to avoid pushing them into bankruptcy.
End-September, Teodorovici said one of the two state-run lenders, CEC Bank and Eximbank, will be turned into a development bank which is supposed to be the state’s partner as regards providing financing for EU-funded projects, as well as for the economy.
Jianu told MEDIAFAX that Eximbank structure is more appropriate for the project.