Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS


EBRD, European Investment Advisory Hub and EU launch programme to boost SMEs in Romania


EBRD, European Investment Advisory Hub and European Union launch programme to help businesses from south-eastern Europe, to obtain advice for sustainable growth, business-review.eu informs.

The new program is launched this Tuesday also in Bucharest committed to helping small and medium-sized enterprises (SMEs) obtain advice.

The programme will support at least 240 SMEs in Bulgaria, Greece and Romania with tailored business advice over a three-year period. The services provided will enable the firms to access local and international consultancy services to improve their competitiveness and take their businesses to the next level.

Over 100 local businesses in Romania will benefit directly from the programme, which provides expertise across a wide range of areas including strategy, trade promotion, financial management, energy efficiency and marketing.

Corina Cretu, European commissioner for Regional Policy, said: “The Investment Plan for Europe aims to stimulate growth and employment in Europe and SMEs are a particular focus area. Providing advisory support to investment on the ground is a key objective of the Investment Plan for Europe and therefore the cooperation between the European Investment Advisory Hub and the EBRD in helping SMEs to grow is a significant and very welcome initiative.”

Simon Barnes, head of Advisory Services, EIB, said: “We are particularly pleased to launch this programme in cooperation with the EBRD in the context of the European Investment Advisory Hub (EIAH). EIAH is a joint EC and EIB initiative and an integral part of the second pillar of the Investment Plan for Europe and provides advisory services for investment projects in the EU. A particular aim of the EIAH is to develop a network of partners, at both local and international level, to offer complementary services by institutions that are best placed and equipped to do so. The cooperation with the EBRD reflects this approach and represents a significant step in meeting unsatisfied demand for advisory support in the SME sector.”

Claudio Viezzoli, EBRD managing director for SME Finance and Development, added: “We are very pleased to intensify our activities here in Romania. Our advisory programme has had a strong impact in advancing businesses as we aim to help them become national and regional champions. We very much welcome this regional collaboration with the EU and the European Investment Advisory Hub, which will strengthen our joint impact on the ground.”

Businesses with a turnover of less than EUR 50 million and fewer than 250 employees are eligible under the programme, provided they are majority locally owned.