BUSINESS COMPANIES ECONOMY FINANCE&BANKING INVESTMENTS

Registration of Romanian companies for internationalisation programme to start on July 31

Romanian companies interested in being promoted on foreign markets can sign up for a governmental programme in support internationalisation starting Monday, July 31 at 10:00hrs, EEST; funds will be allocated on a first-come, first-served basis, Minister for the Business Environment, Trade and Entrepreneurship Ilan Laufer said on Tuesday.

The maximum amount a company can get is 50,000 lei. The applicants have to provide matching funds to the tune of 10 percent, which means the grant is 90 percent non-refundable, Laufer told the programme’s launch conference.

The maximum eligible budget is 30,000 lei for individual attendance of international trade fairs and exhibitions; 15,000 lei maximum for individual attendance of trade missions abroad; 10,000 lei for creating the visual identity of the company; 10,000 lei for websites site and mobile applications; 10,000 lei for classes for employees; 10,000 lei for market research and studies and 10,000 for other activities.

The programme’s total budget is 71 million lei for 2017-2020. This year, the budget is 5 million lei, which will increase to 20 million in 2018, to 22 million in 2019 and to 24 million in 2020.

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