Tag Archives: SME
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Romania aims to increase number of small and medium firms by 40%

The Romanian state wants to grow the number of small and medium-sized enterprises (SMEs) by over 40% until 2020, according to the National Strategy for SME Development 2020. The country had over 474,000 such companies in December 2013. According to the national strategy, their number should increase to 670,000 by the end of 2020, said […]

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SMEs in Romania receive this month new state financing

The Government has released EUR 4.4 million in June to finance programs which support small and medium-sized companies (SMEs).The amount represents the fourth tranche of funds the Government has released for SMEs financing this year. The total sums allotted in the state budget for SMEs are over EUR 37 million. The small and medium firms […]

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SMEs in Romania create almost half the country’s gross value added

The small and medium-sized enterprises (SMEs) in Romania produce 44% of the gross value added in the economy. The production, trade, construction, professional activities and transport sectors account for 70% of the total gross value added. The first three sectors employ 60% of the total number of people active in SMEs. Some 66.2% of the […]

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Romania’s Government allocates EUR 50 mln to support SMEs

Romania’s Government has allocated on Tuesday, April 7, EUR 50 million to support the access of the small and medium enterprises (SMEs). The money, which come from privatization revenues, will go to the JEREMIE holding fund, within the European Union. The fund tries to improve SMEs’ access to financing. The state has initially allocated EUR 100 […]

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Romanian minister for SMEs requests triple budget

The Department for Small and Medium Enterprises (SMEs), Business Environment and Tourism has requested the Ministry of Finance a EUR 38.2 million budget in 2015 to finance SMEs, nearly three times the amount alloted this year. “Immediately after the approval of the 2015 budget we want to start running all our programs to support small […]

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