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Start-Up Nation program to kick off on June 15

By Anca Bernovici
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Start-Up Nation program, through which Romanian Government is supporting the newly established SMEs, will be launched on June 15, Minister for the Business Environment, Commerce and Entrepreneurship, Alexandru Petrescu, says in a press conference on Wednesday.

President Klaus Iohannis promulgated on May 22 the Law on the approval of GEO no. 10/2017 to stimulate the creation of new small and medium-sized enterprises.

The Start-Up Nation Romania program provides up to RON 200.000 non-reimbursable aid to a number of maximum 10.000 Start-Ups annually. The aid is eligible to cover the 100 percent of the costs of the business.

A month ago, Ilan Laufer, state secretary at the Ministry for the Business Environment, said the program’s total budget is RON 1.7 billion, or RON 1.2 billion from the state budget and RON 500 million are European funds.

The program is also dedicated to non-equity entrepreneurs. Following this initiative, over 20,000 jobs could be created each year.

Start-Up Nation will primarily support IT programming, production, creative industries, services and trade activities. The program aims at increasing the number of businesses and revitalizing the economic environment, increasing the number of employees, reducing the number of unemployed and increasing consumption.

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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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