|  04.11.2014

SME Instrument - A financing scheme quite unknown in Romania

Bank credit still remains the most important financing source for Romanian companies, but the interest for bank financing registered a downturn in 2014, compared to 2013, according to the EY study, 'The access of Romanian entrepreneurs to financing 2014'

Nevertheless, the interest of Romanian entrepreneurs in financing through European funds doubled, according to the same study. Despite this interest, some financing schemes that use these types of funds are not sufficiently known, although they can prove to be attractive to some companies. This is the case of the Horizon 2020 – SME Instrument scheme.

The first two rounds in which SMEs could apply for the non-refundable European financing scheme Horizon 2020 – SME Instrument (June and September) ended, but there is still a chance in December. 17 December is the deadline for submitting the applications for this scheme in 2014.

For more information, please see the Romanian version of the article, here.


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