Brussels – The European Commission welcomes the signature of the funding agreement between the European Investment Bank (EIB) Group and the Romanian Government, the first step in the implementation of the SME initiative in the country. The programme, worth 100 million euros from the European Regional Development Fund (ERDF) and combined with additional resources from the EIB Group and Horizon 2020, will leverage almost 580 million euros of new loans for Romanian SMEs and start-ups. European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: “Romanian SMEs are competitive and provide the vast majority of job opportunities in the country. They just need an additional boost to expand beyond their local markets and develop their research and innovation capacity. And the SME initiative will help them do just that”.
Economia
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