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November 30, 2022

EUR 220 M for SMEs

Romanian small and medium-sized enterprises (SMEs) may benefit from a total of EUR 220 M by the end of 2010 under a temporary state aid scheme in support of undertakings affected by the economic and financial crisis, the European People’s Group informs by press release, cited by Agerpres. The EUR 220 M budget is being granted with European assistance. Apart from SMEs, it will also address microenterprises and large companies. The state aid may be granted as a non-repayable amount, as loans in preferential conditions, interest subsidies, guarantees or rescheduling of receivable debts either owned or taken over by the public authorities in view of recovery without charging interest for the entire re-scheduled duration.

Appointed as rapporteur of the European Parliament on the theme ‘Achieving territorial, social and economic cohesion in the European Union – an essential condition for sustainable development and global competitiveness’, Petru Luhan (PDL/EPP) says there will have to be a sustained European effort also after 2013 focussed on narrowing down development differences among the various regions.

Whereas details on infrastructure investment, environment and social affairs are to be covered by the report, in what regards competitiveness, Petru Luhan states that medium-sized companies should play a central role ion the development of the European economy in general and of the Romanian economy in particular.

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