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Legal Aspects Concerning The Mihail Kogalniceanu Programme For Small And Medium Sized Enterprises

Author

Listed:
  • Remus Baciu

    (Law Department, Bucharest University of Economic Studies, Romania)

  • Adriana Deac

    (Law Department, Bucharest University of Economic Studies, Romania)

Abstract

The Mihail Kogalniceanu Programme for small and mediu-sized enterprises is a multi-annual programme meant to boost the creation and development of small and medium – sized enterprises, consisting in a credit line, amounting up to RON 125.000 for one SME yearly, with an interest partially subsidised and, possibly, guaranteed by the state. In order to make it easier for SMEs to have access to credits, the Programme regulates a number of facilities for partial subsidization of the interests and, as the case may be, for guaranteeing the credits granted to the SMEs by the credit institutions, as well as a number of specific obligations, namely eligibility criteria that the SMEs should meet in order to benefit from these facilities.

Suggested Citation

  • Remus Baciu & Adriana Deac, 2012. "Legal Aspects Concerning The Mihail Kogalniceanu Programme For Small And Medium Sized Enterprises," Perspectives of Law and Public Administration, Societatea de Stiinte Juridice si Administrative (Society of Juridical and Administrative Sciences), vol. 1(1), pages 310-314, December.
    • Handle: RePEc:sja:journl:v:1:y:2012:i:1:p:310-314
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    File URL: http://www.businesslawconference.ro/revista/articole/an1nr1/35%20Remus%20Baciu%20and%20Adriana%20Deac%20Eng.pdf
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    More about this item

    Keywords

    Mihail Kogalniceanu Programme; SMEs; government programme; interest subsidization; government guarantees; credit supply;
    All these keywords.

    JEL classification:

    • K20 - Law and Economics - - Regulation and Business Law - - - General

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