Small
\nand medium sized enterprises that have financial difficulties and Romanian
\nstudents who want to continue their studies abroad will be granted over 170 million euros in European funds. The European
\nInvestment Fund (EIF) signed four agreements with four banks in Romania on
\nWednesday. <\/p>\n
<\/p>\n
These are in fact guarantee funds, with the
<\/p>\n
Thanks to the guarantee,
<\/p>\n
The head of the European
<\/p>\n
Angela Cristea: The more the
<\/p>\n
The European Fund for
<\/p>\n
16 of them are large
Romania will receive more than 170 million Euros for the development of small and medium-sized enterprises (SMEs) and for granting loans to students who want to pursue further studies abroad<\/p>\n","protected":false},"author":46,"featured_media":81312,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37738],"tags":[34702,28915,39623,34636,31080],"coauthors":[],"class_list":["post-81311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-today-in-the-news","tag-angela","tag-bucharest","tag-cristea","tag-eif","tag-juncker"],"acf":[],"yoast_head":"\n
\nEIF assuming part of the risk. <\/strong>The EIF and a non-banking
\nfinancial institution FINS signed the first Erasmus+ guarantee agreement in
\nRomania, enabling FINS to offer a new loan product to Master’s students who
\nwould like to study abroad.<\/p>\n
\n
\n
\n
\n
\n
<\/p>\n
\nabout 450 students will be able to get more favourable conditions when they
\napply for a loan to study in another EU country, Iceland, Liechtenstein, North
\nMacedonia, Norway or Turkey. The 4.5-million euro agreement comes under the
\nErasmus Plus loan guarantee scheme financed by the European Union and managed
\nby the European Investment Fund. <\/p>\n
\n
\n
\n
\n
\n
<\/p>\n
\nCommission Delegation in Bucharest, Angela Cristea, who attended the ceremony
\nof signing the agreements,
\nbelieves the Romanians’ fears towards the EU come in fact from the fear of the
\nunknown and the best way to overcome it is the direct contact with other
\nEuropean societies.<\/p>\n
\n
\n
\n
\n
\n
<\/p>\n
\nprograms helping European citizens to go and live for a while in another
\ncountry, the more tolerant and open our societies will be. This is exactly what
\nwe want, especially at this time when the future of the European Union is being
\ndecided. That is why, these accords, which apparently are more or less common
\nfinancial operations, have in fact a much higher stake.<\/p>\n
\n
\n
\n
\n
\n
<\/p>\n
\nStrategic Investments (EFSI) is the heart of the Investment Plan for Europe,
\nknown as the Juncker Plan. According to Angela Cristea, the plan initially
\nworked better in developed economies, where financial tools are no longer a
\nchallenge, but is also working in Romania, where 29 projects financed under
\nthis plan are already underway. <\/p>\n
\n
\n
\n
\n
\n
<\/p>\n
\ninfrastructure programs and 13 are programs that enhance the SMEs’ access to
\nfinancing instruments. Cristea has also said that based on the accords signed
\non Wednesday, some 3 thousand SMEs will be supported to get access to
\nfinancing. The support consists in covering some of the risks taken by the
\nbanks when they approve a loan for SMEs.
\n <\/p>\n
\n
\n
\n
<\/p>\n","protected":false},"excerpt":{"rendered":"