GOVERNMENT OF ROMANIA MINISTRY OF ECONOMY, TRADE AND BUSINESS - - PowerPoint PPT Presentation

GOVERNMENT OF ROMANIA

MINISTRY OF ECONOMY, TRADE AND BUSINESS ENVIRONMENT

The Agency for Implementing Projects and Programmes for SME’s

The Agency for Implementing Projects and Programmes for SMEs (AIPPSMEs) took over the activity of the Ministry of Economy Trade and Business Environment. Its principals are linked by developing the SMEs sector in Romania, as follow: Ensuring a coherence of strategies developed at governmental level with and impact to SMEs sector; Grating a financial support by state compatible with European Commission recommendations; Measures of supporting SMEs should not distort the working of market mechanisms; Ensuring the transparency of actions focused on developing SMEs sectors; Middle term development strategy for SMEs will be regularly updated according to designed and implemented measures; A special attention will be granted to the development of SMEs in regions in which social and industrial infrastructure is weak, and unemployment rate high. The Agency for Implementing Projects and Programmes for SMEs (AIPPSMEs) co-operate tightly with organizations having an impact on the development of the SMEs sector. AIPPSMEs implements various programs for developing SMEs, as "Kogalniceanu program for small and medium enterprises”, the program for commerce, the program for handicrafts and program for young entrepreneurs which want to start a business, in partnership with banks. These programs are implemented through the Territorial Offices for Small, Medium Enterprises and Cooperations( TOSMEC ) witch are subordinated to the AIPPSMEs.

There are eight major TOSMEC’s, divided for every county in Romania:



TOSMEC Brasov: Brasov, Covasna , Sibiu

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TOSMEC Cluj- Napoca: Bihor, Bistrita Nasaud, Cluj, Maramures, Satu Mare, Salaj

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TOSMEC Constanta: Braila, Buzau, Constanta, Galati, Tulcea, Vrancea

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TOSMEC Craiova: Dolj, Gorj, Mehedinti, Olt, Valcea

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TOSMEC Iasi: Bacau, Botosani, Iasi, Neamt, Suceava, Vaslui

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TOSMEC Ploiesti: Arges, Calarasi, Dambovita, Giurgiu, Ilfov, Prahova, Teleorman

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TOSMEC Targu Mures: Alba, Harghita, Mures

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TOSMEC Timisoara: Arad, Caras-Severin, Hunedoara, Timis

The Agency for Implementing Projects and Programmes for SME’s

• No. of

applicants

• No. of

evaluated files

• No. of

potential beneficiaries

• No. of

rejected files

• No. of credit

contracts The amount

• f subsidized

interests paid by AIPPSME (LEI)

7171 7033 5991 1041 2320 4,000,000

The Agency for Implementing Projects and Programmes for SME’s

MIHAIL KOGALNICEANU PROGRAM FOR SMEs – short presentation

• “Mihail Kogalniceanu program for small and medium enterprises” is a program for encouraging and

stimulating the establishment and development of SMEs in the period 2011-2013;

• The program scope is to grant a credit line, term of one year, a maximum of 125,000 LEI / SME / year,

partially subsidized interest (up to 70%) and, where appropriate, credit guarantee by the state until 80% from credit value (up to 100,000 LEI);

• Legal framework of the program is: Government Ordinance no.60/2011; Government Decision no.682/2011

and The Collaboration Agreement between AIPPSMEs and partner credit institutions;

• The start for on-line registration of the applicants in the program was September 2011; The registration is

continuing until the budget is depleted;

• After checking the eligibility of potential beneficiaries (administrative and financial checking) by the

Territorial Offices for Small, Medium Enterprises and Cooperations, AIPPSMEs sends the list of approvals to the banks for analysis, in order to obtain the credit line. There are 13 credit institutions involved in the implementation;

• Until 05.11.2012 the stage of implementation is the following:

The Agency for Implementing Projects and Programmes for SME’s

LEGAL FRAMEWORK OF MIHAIL KOGALNICEANU PROGRAM

• Government Ordinance no.60/2011 approving the program Mihail Kogalniceanu for SMEs
• Government Decision no.682/2011 approving Methodological Norms for the application of Government

Ordinance no.60/2011

• The Collaboration Agreement between AIPPSMEs and partner credit institutions. The main points of the

agreement are:

• the scope of the agreement
• the bank commission
• the rights and obligations of the parties (AIPPSMEs and credit institution)
• the fund management (fund value, terms and conditions, accounts opened at credit institution)
• the financing procedure (credit approval, the transfer of subsidized interest, costs supported by the

beneficiary in accordance with the Government Ordinance no.60/2011 and Government Decision no.682/2011, penalties)

The Agency for Implementing Projects and Programmes for SME’s

Operational flow

MINISTRY OF FINANCE NATIONAL GUARANTEE FUND BENEFICIARY BANK TREASURY ACCOUNT (Ministry of Finance) AIPPSMEs

• 1. On-line

registration

• 2. Credit line request
• 6. Open credit line
• 10. Monthly interest

payment (minimum 30%)

• 3. Beneficiary

eligibility confirmation

• 4. Letter of guarantee

(maximum 80% of the loan, up to 100,000 LEI)

• 5. Payment of the

risk commision

• 7. Request

guarantee payment

• 8. Approve the guarantee

payment

• 9. Guarantee

payment

• 11. Status of beneficiaries who

already have paid the interest

• 12. Monthly interest

payment (maximum 70%, but not more than 6.5% /year of the outstanding amounts of the used credit line)

The Agency for Implementing Projects and Programmes for SME’s

THANK YOU!

Lorin SPINEAN Program Coordinator