During the 2007-2013 period, Romania allocated EUR225 million from the Operational Program ‘Increase of Economic Competitiveness’ for guarantee instruments, investments and subsidized lending through the Joint European Resources for Micro to Medium Enterprises (JEREMIE) program, which triggered financing of over EUR680 million through nearly 7,000 new subsidized loans, guarantees and capital investments.
The EIF is part of the European Investment Bank Group. Its central mission is to support Europe’s micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment.
The Regional Operational Program (ROP) 2014-2020 is one of the programs enabling Romania to access European structural and investment funds which come from the European Regional Development Fund (ERDF).