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February 27, 2021

National and EU funds for SMEs doubled in 2009

EUR 220 M are available this year to small and medium companies (SMEs) for supporting their activity by means of European funding programs and state budget, the double as against last year, Mediafax informs.
Laura Marusca, deputy general director within the Ministry of Small and Medium Sized Companies, Commerce and Business Environment (MIMMCMA) said that the funds are available starting May 6, when the applicant guides are launched, and then companies are expected to submit applications in one month.

The requirements of SMEs for guarantees advanced, in the first four months, by 2.5 times more than as against the similar period of 2008, and if this rate maintains, by autumn, the National Fund for Loan Guarantees for SMEs (FNGCIMM) shall have to limit the guarantee provision.

As of others, the companies established this year for the purpose of investments from non refundable European funds, which do not have a turnover yet, could be exempted from the payment of the minimum tax, according to State Secretary in Ministry of Public Finances, Cosmin Coman, Mediafax informs. The minimum tax is a temporary measure and it does not entail an increase in taxation, Coman added. He said that Ministry of Public Finances (MFP) considers the elimination of the single payment account of the contributions due by companies and the return to the system of accounts differentiated by type of liability.

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