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Cîţu: We are ready to provide guarantees for SMEs to have access to working capital with zero interest

17 March 2020
Economics&Markets
energynomics

The executive intends to grant SMEs guarantees to have access to working capital with zero interest, in the amount of maximum 10 billion lei, the positive impact in the economy being estimated at about 70 billion lei, says the Minister of Finance, Florin Cîţu, according to an announcement on his Facebook page on Sunday evening, quoted by Agerpres.

“A small part of the substantial support package of the economy. We are ready to provide guarantees that SMEs will have access to working capital with zero interest, without other commissions, with the extended grace period, worth up to 10 billion. The positive impact on the economy (is) estimated at about 70 billion lei, “Cîţu wrote on the socialization page.

He had stated on Saturday that the Romanian economy will need, if the latest estimates of economic growth in the European Union prove, a substantial package of financial resources, of at least 1% of GDP.

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