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EBRD continues to finance “Small Business Support” programme for Romanian SMEs for another five years

By Anca Bernovici
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The “Small Business Support” (SBS) programme, which facilitates contact between small and medium sized enterprises and business consultancy services will continue to be applied in Romania for the next five years, with European Bank for Reconstruction and Development (EBRD) financing, the government announced in a press release.

Executive approved on Wednesday a memorandum to this effect between the Ministry of Energy, SMEs and Business Environment and EBRD.

SBS was created to support the development of 500 SMEs through knowledge, methods and tools transfer, and by exploiting the relationships with financial institutions partners and other investors in Romania to provide long term support to SME sector.

The programme is conducted in Romania since 1993, financed by donors, and to date have been allocated over EUR 9 million to support activities in Romania. The financing was provided by Austria, Canada, Luxembourg, Japan, UK and the European Union

SBS team is an essential component of the EBRD’s transition toolkit, supporting enterprises to achieve high growth, new export potential and employment opportunities. SBS provides support both to individual enterprises and to the local consultancy sector, helping consultants improve their skills and broaden their expertise to create a sustainable and effective business advisory market for local businesses to draw on.

SBS uses funds from a wide range of donors. More than 20 bilateral and institutional donors have supported SBS with EUR 224 million in funding to date. The biggest single donor is the European Union which has provided more than EUR 96 million in funding.

 

 

 

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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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