Friday, March 23, 2007

Romania: State could give companies 200,000 euros for exports

09:26 - 23 March 2007
Activities promoting exports will be financed by the state budget in the limit of 200,000 euros, granted for three years on a row, according to European norms about stare aid, ACT Media news agency reports.

The delegate minister for trade, Iuliu Winkler announced theat value of state financing should be in the limit of 200,000 euros, for three years on a row. The rule of state aid will be applied to all new instruments promoting exports, adopted by the government on Wednesday, by a decision that amended the export promoting system.

Even participation in fairs and exhibitions in countries where there are Romanian firms or branding activities will be financed from the state budget. The minister declared that in 2007, the program stimulating exports had a budget of 25 million lei from MEC.

On the other hand, the overall budget for promoting Romanian exports is 423 million lei in 2007, of which 334 million lei are for Eximbank to grant financial banking instruments for trade promotion and stimulation. The export promotion program of the Ministry of Agriculture has a budget of 35 million lei while the Agency for Small and Medium Companies has 8 million lei.

Source: ACT Media News Agency

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