The Ministry of Economy, Digitalisation, Entrepreneurship and Tourism (MEDAT) has published the procedure for implementing the Programme for Strengthening SMEs through Improved Access to Financing - SME Eco-Tech, carried out within a project financed by the second Swiss contribution for Romania.According to a press release from the Ministry, the programme's budget is 288.8 million lei, of which 70% represents the Swiss contribution (202.2 million lei) and 30% MEDAT's own contribution from the state budget (86.6 million lei).The institution will thus provide new financial support for the development of the local business environment, with the general objective of the green and digital transformation of small and medium-sized enterprises in the Romanian manufacturing industry, with the aim of improving their environmental footprint, thus aligning with the relevant objective of the European Union to mitigate or adapt to climate change.The "Programme for Strengthening SMEs through Improved Access to Finance - SME Eco-Tech" is to be launched in the second half of 2025, after, according to the provisions of the implementation agreement, MEDAT will prepare the necessary IT infrastructure and conclude the partnership with the credit institutions interested in implementing this new programme.The programme will be managed and implemented by MEDAT, as Programme Operator, in partnership with the selected credit institutions, until May 31, 2029, providing a broad horizon for the development and consolidation of the SME sector in Romania.The programme will be implemented based on a de minimis aid scheme, which aims to provide financial support to small and medium-sized enterprises carrying out production activities (section C of the nomenclature of economic activities), except for those excluded from financing by national and European regulations in force.The financial support offered to SMEs under this Programme consists of a grant at a maximum level of 40%, but not more than 50,000 CHF (equivalent in lei) of the eligible expenses related to an investment project in equipment / technologies / solutions / systems / specific to energy saving, which uses or generates renewable energy, in collection, recycling, reuse equipment, as well as in other conventional technological equipment.A minimum of 60% of the eligible expenses related to the investment project, but not less than 75,000 Swiss francs (equivalent in lei), will be provided by the beneficiaries through a bank loan obtained from partner credit institutions, under advantageous market conditions and through the programme.
Rosavis Prod, a business founded in 2007 by the Vica and Constantin Mihăilă family in northeastern Romania at Roşieşti, Vaslui County, which raises 2 million chickens annually, is investing EUR 10.8 million in a feed factory, Ziarul Financiar reported. Out of this, EUR 6.5 million will come...
Telecommunications operator Digi Communications (stock symbol DIGI) has hired investment bank Rothschild to evaluate a possible listing on the Madrid stock exchange of its Spanish business, the publication Expansión wrote on September 12, citing anonymous market sources, according to Ziarul Financiar. ...
Romania’s current account (CA) deficit in rolling 12 months has narrowed for the second consecutive month to EUR 32.12 billion in July, according to the data published by the National Bank of Romania (BNR). The 12-month rolling CA gap has thus narrowed by EUR 0.5 billion from June, after it previously contracted by EUR 1.4 […]
Romania's minister of finance, Alexandru Nazare, has been on a working visit to Washington, DC, from September 11 to 13 to strengthen economic and financial dialogue with American partners and attract new investors in key sectors for Romania, such as energy, infrastructure, and technology, the Ministry of Finance announced. The agenda of the visit included […]
The minister of investments and European projects, Dragoș Pîslaru, announced on the evening of Friday, September 12, that Romania has officially submitted the renegotiated National Recovery and Resilience Plan (PNRR) to the European Commission, after which the formal approval by the Commission and then the decision of the ECOFIN Council will follow. Romania has currently […]
The main risk for Romania's macroeconomic balances rests in the budgetary area and are related to the commitment for full implementation of the first and second packages this year and in 2026 – but even under the best case scenario, the measures legislated so far would not bring the general government deficit lower than 6% […]
