Romania’s Government has allocated on Tuesday, April 7, EUR 50 million to support the access of the small and medium enterprises (SMEs) to financing.

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 million, supplemented in December 2013 by another EUR 50 million.

The amount assigned on Tuesday will contribute to the implementation of a new product destined for SMEs, namely financing with subsidized interest.

The European Commission will reimburse the money to the Ministry of Public Finance by July 31.

editor@romania-insider.com