Did you know that manufacturing accounts for 16% of Europe’s GDP? The sector is responsible for 64% of private sector Research & Development expenditure and for 49% of innovation expenditure in Europe.
Manufacturing SMEs
New initiatives for SMEs and mid-caps
The European Investment Bank has published the report EIB Operations Inside the EU 2017, EIB measures its success in terms of its contribution to EU policy, the quality and soundness of the projects it finances, and the technical and financial contribution it makes to each project.
Pressing problems in accessing finance
According to the survey on the access to finance of non-financial corporations in Romania, published by National Bank of Romania, firms kept largely an unchanged view on the evolution of the main financial indicators for April 2017 – March 2018, except solely for labour costs and other costs. Thus, a higher number of companies showed that these indicators posted a moderate increase versus the previous round (49 percent compared to 37 percent and 40 percent compared to 28 percent respectively).
SME listing on public markets
The Commission has proposed in May new rules to give small and medium enterprises (SMEs) better access to financing through public markets.
Digital Economy and Society Index
The European Commission has published the results of the 2018 Digital Economy and Society Index (DESI) a tool which monitors the performance of Member States in digital connectivity, digital skills online activity, the digitisation of businesses and digital public services. According to it, the EU is getting more digital, but progress remains insufficient for Europe to catch up with global leaders and to reduce differences across Member States. This calls for a quick completion of the Digital Single Market and increased investments in digital economy and society.
Closer to your own company
Entrepreneurship is a skill that can be learnt. You don’t have to be born an entrepreneur to run a successful business. You can become a good entrepreneur by developing an entrepreneurial mind set and skills.
What you need to know about inclusive finance?
If you are at the beginning of the road, having decided to start your own company but still somehow stuck due to financial problems or different challenges, you need to remind yourself that it can happen to everyone at some point, and the stress and worry can get to you easily. Though, understanding how to overcome your financial problems doesn’t have to be stressful.
Continuă lectura „What you need to know about inclusive finance?”
EIB Group in Romania
The European Investment Bank Group, comprising the European Investment Bank (EIB) and its subsidiary, the European Investment Fund (EIF), provided close to EUR 1.9bn of new loans, guarantees and equity investment in Romania in 2017. More than EUR 1.3bn in loans came from the EIB and EUR 551m from the EIF in the form of guarantees and equity investments in small businesses to sustain their growth. The EIB Group’s support for Romania therefore represents some 1.04% of the country’s GDP, placing Romania fifth among EU Member States in this respect, and above the EU average of 0.46%. The group concluded four operations under the European Fund for Strategic Investments (EFSI), which is part of the Investment Plan for Europe.
Romania – SME Initiative
With a contribution of €100 million from the European Regional Development Fund (ERDF), the SME initiative aims to boost the development of Romanian small businesses via new and innovative ways to invest Cohesion Policy funds.
New financing options for Romanian SMEs
The European Investment Fund (EIF) and Raiffeisen Bank, have signed a COSME agreement that will allow the Bank to provide RON 800,000,000 (ca. EUR 177m) in loans to small and medium-sized Romanian businesses.