Romania tops up IMM Plus loan scheme for small and medium sized enterprises
<p>The government of Romania increased by RON 2.5 billion (EUR 500 million) to RON 15 billion (EUR 3 billion) the volume of loans small and medium-sized enterprises can contract from commercial banks for working capital and investments, with state guarantees and subsidised interest rate, under the IMM Plus scheme.&nbsp;</p>

<p>The scheme is intended to companies hit by the effects of the war in Ukraine, mainly in agriculture and food processing sectors.</p>

<p>"We can thus support 13,800 companies, 2,300 more than before the budget increase," prime minister Ciolacu announced before the Government meeting, <a href="https://www.profit.ro/povesti-cu-profit/financiar/banci/decizie-buget-mai-mare-pentru-imm-plus-creste-cu-2-5-miliarde-lei-vor-fi-sprijinite-alte-peste-2-300-firme-21619474?mc_cid=65de29a216&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Profit.ro</a> reported.</p>

<p>The supplementary allocation will cost the state budget RON 255 million (EUR 51 million), the executive announced.</p>

<p>This budget covers fees and interest in the amount of RON 103 million in the second half of this year and RON 152 million in 2025.</p>

<p>The number of beneficiaries of the program can thus increase by 2,343, to a total maximum of 13,843.&nbsp;</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com/" rel="noopener" target="_blank">Ungureanu Vadim/Dreamstime.com</a>)</em></p>