Another 60 MEuro for Romanian SMEs

After investing 84 MEuro in Romania, the European Fund for Southeast Europe continues to support small businesses. Small Romanian entrepreneurs can apply for credits from EFSE up to 100,000 euro to finance their working capital or planned investments.

EFSE supplements the investments in the region for the next five years with 900 MEuro . Out of these, 60 MEuro will be allocated to Romania to help SME, farmers and households who want to renovate, expand or rebuild a house.  
More specifically, EFSE grants long-term funding lines to local financial institutions - commercial banks, microfinance institutions and leasing companies - which, in turn, offer credits to the above mentioned groups of customers.

Only in Romanian. More info you can read here.