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June 13, 2021
BUSINESS ECONOMY

Business Minister Laufer: 141 firms registered with the internationalisation programme, two hours into existence. Banca Transilvania, CEC Bank, BCR partner with Business Ministry under Start-Up Nation program

As many as 141 companies joined the internationalisation programme launched on Monday morning by the Ministry of Business, Trade and Entrepreneurship (MMCCA), with a sign-up average of three per minute, Business, Trade and Entrepreneurship Minister Ilan Laufer announced at a news conference Monday.

“Today, at 10:00hrs, the Ministry of Business, Trade and Entrepreneurship launched another programme that many Romanian companies have been waiting for. The internationalisation programme has a budget of 71 million lei between 2017 and 2020. This year, the allocation is 5 million lei. It is a programme designed for Romanian products and Romanian companies that want to participate in international trade fairs that want to organise classes, etc. There is a grant cap of 50,000 lei for the specialties for which they want to apply, and the there are matching funds to be provided by the applicant of 10 percent of the project value. At 12:10, we already had 141 sign-ups, which gives a sign-up every two minutes and 49 seconds, which reflects major interest,” Laufer said.

He added that in 2017, the ministry’s goal is to finance between 100 and 150 companies under the internationalisation programmme, according to the grant they will request. Scheduled entries will be finalized on Friday, August 4, at 20:00hrs, EEST. The “first-come, first-served” principle applies.

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.

 

Business Environment Ministry launching two new business programmes in August: commerce, microindustrialisation

 

The Ministry of the Business Environment, Trade and Entrepreneurship (MMCCA) is launching two new programmes for the business environment in mid-August, the ministry’s head, Ilan Laufer, told a news conference on Monday.

“This August, we will be launching two new programmes, namely commerce and micro-industrialisation. The first programme will be launched on August 16, while the second one will come five days apart. On August 16, we will launch the commerce programme on a budget of 49.95 million lei, and a maximum grant of 250.000 lei per beneficiary. We estimate that we will have at least 200 beneficiaries included in the programme that will create 400 new jobs. Qualifying for the programme are SMEs having done business for at least one year,” Laufer said.

The minister added that on August 21, a micro-industrialisation programme will be launched, on a budget of 74.36 million lei, with the maximum grant per beneficiary to be standing at 450,000 lei. In order to qualify for the programme, the SMEs have to be industrial companies having done business for at least one year previous to application.

According to data released by Laufer, under the new programme, funding is provided for between 165 and 250 beneficiaries, and at least 330 new jobs should be created.

 

Banca Transilvania, CEC Bank, BCR partner with Business Ministry under Start-Up Nation program

 

The Ministry for Business Environment, Trade and Entrepreneurship on Monday formally signed partnerships with the banking institutions that will offer the beneficiaries the bridge-loans under the Start-Up Nation Program; the respective partner financial institutions are Banca Transilvania, CEC Bank and Banca Comerciala Romana (BCR).

According to relevant minister Ilan Laufer, “the Guarantee Fund for SMEs is also part of the project”.

“In this regard, we are trying to reduce costs as much as possible and I believe that in the shortest time we will find a simple way to solve the files within a reasonable time in a cost-efficient manner,” Laufer underscored.

According to official data, over 19,000 business plans were registered in the Start-Up Nation program, with 70 pct thereof having been entered in the system in the last five days of the session. The Start-Up Nation program has a budget of 1.7 billion lei this year, and the maximum amount a company can receive is 200,000 lei.

Under a governmental program in support of the internationalisation of Romanian companies, the businesses who seek being promoted on foreign markets can sign up starting Monday, July 31 at 10:00hrs, EEST; funds will be allocated on a first-come, first-served basis. The maximum amount a company can get is 50,000 lei, with applicants being required to contribute 10 pct, which means the grant is 90 percent non-refundable, Minister Laufer told the program’s launch conference.

The Ministry for Business Environment, Trade and Entrepreneurship is considering introducing alternative financing products for the more than 10,000 businesses that registered with the Start-Up Nation program but did not qualify for funding this year.

 

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