“We are working on a new law for SMEs, which will transpose EU legislation and the new directions in the governing program. The bill is in an advanced stage and we estimate it will be subjected to government approval in a month and a half,” secretary of state Anca Laura Ionescu said tuesady at the Mediafax Talks about SMEs conference.
Ionescu said the ministry is working with the Justice Ministry and insolvency practitioners on the bill, which targets improved access to financing, encouraging innovation and increased competitiveness, and improved access to foreign markets for SMEs.
The ministry also plans to continue a multiannual SME program that offers government guarantees and subsidized interests on loans for small and medium sized businesses.