“The program has been suspended this year,” the minster said, without giving more details.
The support scheme was launched in 2011 and enabled SMEs to get credit lines of up to RON400,000/company/year with fully subsidized interest.
In 2013, the scheme had a budget of RON16 million and available guarantees of RON300 million. Nearly 1,800 SMEs applied for financing under the program last year.
SMEs in Romania may apply for financing under six other support programs, including a de minimis aid scheme allowing financing of up to EUR100,000.