In turn, state-run lender CEC Bank will expand its activity for small and medium-sized enterprises (SMEs) in the field of agriculture as well, so that it can support the national programs developed in partnership with Romania’s government, and finance way more SMEs in the IT, tourism, construction, services sectors and the processing industry, as well as farmers or those willing to invest in agriculture.
The Romanian state will also simplify the procedures needed to obtain the guarantees provided by existing guarantee funds. Guarantee funds will be capitalized to be able to support the public programs included in the governing program.