The Ministry of Economy, Entrepreneurship and Tourism will grant non-refundable financing of up to 500,000 lei to Romanian entrepreneurs in the sector of marketing market products and services, who wish to invest in the development of their businesses.
The procedure for implementing the Trade & Services program was published in the Official Gazette and can be downloaded here: https://shorturl.at/bdvwE
The financing mechanism provides, as in the case of the Microindustrialization Program - "Made in Romania", the contracting of investment loans by entrepreneurs, from the program's partner banks, selected following an open and transparent process, and the settlement by MEAT of 50% of the value of the eligible expenses, established by the procedure, but not more than 500,000 lei.
The minimum value of the investment loan is 250,000 lei.
Companies from a wide range of sectors can benefit from the non-repayable financial support, such as wholesale and retail trade, printing, repair, maintenance and installation of machinery or water collection, treatment and distribution. Also eligible are waste collection, treatment and disposal activities, special construction works, transport, accommodation or food services, film production, advertising and market research, legal, accounting, architectural and engineering activities, as well as sports, recreational and entertainment activities, real estate transactions and many others.
The Trade & Services Program thus refers to a wide range of investments, such as the purchase of technological equipment (machines, equipment and work installations) or tangible assets, from the category of fixed assets for playgrounds, gyms, fitness, drones or strength equipment. At the same time, energy efficiency solutions and systems are eligible, as well as equipment for the collection, recycling and reuse of industrial waste. The complete list of eligible investments, established by procedure, also allows the purchase of furniture or office equipment.
Registrations will be held online and will be announced at a later date. The procedure requires the submission of standard applications for an agreement in principle for credit and financing through an electronic registration form, which will be available on the MEAT website. At the end of this stage, the list of all registered applications will be published, in the order of registration. Subsequently, applicants will be notified to report to the partner credit institution they have chosen, where a pre-verification of bankability will be carried out. If the answer is positive, an agreement in principle for credit will be issued, and AIMM will begin the administrative and eligibility assessment process, which can be concluded favorably by issuing the notification in principle for financing. The loan will, however, be granted only after the final verification of bankability by the partner credit institution.
