Improving access to finance for Romanian SMEs: EU adopts investment package worth €100 million

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29/03/2016

The European Commission has adopted today 2014-2020 the "SME Initiative" Operational Programme worth €100 million for Romanian small and medium-sized enterprises (SMEs) worth €100 million. The value of the investment provided by the European Regional Development Fund (ERDF) in the form of guarantees is expected to quadruple to €400 million, thanks to the leverage effect of private investment in SME loans.

The SME Initiative for Romania is the fifth of its kind to be adopted for 2014-2020, encouraging Member States to make use of this joint initiative, developed by the Commission and the European Investment Bank (EIB) Group to boost access to finance for Europe's cash-strapped small businesses.

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