The study shows that financing will be available this year for the already-existing enterprises, as well as for startups headquartered in rural and urban areas.

Entrepreneurs targeting financing for microenterprises in urban areas, financed by Regional Operational Programme, can submit their projects by April 27, 2017, and can access EUR25,000-200,000 with a minimum contribution of 10%.

Business Teorema specialists also said that a new financing line for SMEs will be opened in February, with a value of projects between EUR200,000 and EUR1 million and with a minimum contribution of 30%, and another financing line will be available in March for business incubators.

According to the study, 2017 also comes with financing for startups within Romania Start-Up Plus program, financed through Human Capital Operational Programme.

Entrepreneurs targeting financing in rural areas can get financing of EUR50,000 through National Rural Development Programme, or even EUR70,000 for investments in agritourist, with 0% contribution.

On Wednesday, the government also approved an emergency ordinance regarding the program for the support of SMEs’ internationalization, financed from the state budget, dedicated to the individual promotion of SMEs.

The program aims at facilitating the promotion of SMEs’ products and services on the international markets, at stimulating communication and partnerships and at preparing the entrepreneurs in terms of promotion on new markets.

Thus, government will grant annual non-refundable financing of maximum RON50,000 for each of a maximum number of 500 beneficiaries, to participate in international fairs and exhibitions or economic missions, to create a visual brand identity and a website, and to participate in training courses for promoting their services/products on new markets.