Strategies of the Development of Entrepreneurship and SME

Programs. The program is implemented with 390,000 RON, contribution of Japan Government.The entire amount of the program is 13,321 million RON. Next location for future incubatorswas selected and will be Brasov and Sfantu Gheorghe. The most recently law adopted about BIis the GD. Nr.290 / 2006 regarding the approval of National Strategy for Stimulation andDevelopment the National Business Incubator Network.3.3.4. FINANCING SMEs 18In the most cases, Romanian enterprises perceive financing as an important compulsionconcerning the start or development of their business. To fight-back this situation, a series ofmeasures and financing instruments, like communitarian programs and credit access, wereelaborated.In the period 2000-2006, Euro 16 billion of structural funds were allocated for thefinancing of SMEs oriented projects. Approximate a third of this amount was allocated for aconsulting and a business services, like incubators, networks and clusters.It is a significant and hard to satisfy demand for financing SMEs trough credit. Thus, isnecessary to continue and supplementary extend the present credit lines at which SMEs areaiming, by using the example of different financing schemes implemented so far, (especiallythrough MIROBANK, BERD credit line, USAID help for credit and Kew credit line). In order tosupport the SMEs for demanding credits, it is recommended the possibility of practicingattractive interests credits granted from the unemployment insurance budget, by the NationalAgency of Work Force Occupation (Ministry of Work, Social Solidarity and Family) as well asgranting such credits for other categories of potential enterprisers that could initiate anddevelop business, as, for example, students.For the improvement of SMEs access to financing, the following actions will be taken:• The continuance of obtaining financial allowances for SMEs, from the state budget andexternal sources, for the development and implementation of multi-annual financinginstrument of the SMEs sector at national level (credit and granting schemes forsupporting the investments of start-up firms and of the existing ones, promotion ofexport, investments in priority economic sectors, innovation, transfer of technology andknow-how, sub-contracting);• Promotion of Multi-annual Program, with national applicability which corresponds to thefirms development stage, by: implementing multi - granting schemes; implementingscheme of granting associated with; promoting schemes of micro-credit;• The continuing of apply the credit program for SMEs and its monitoring;• Promotion of setting-up and developing risk capital funds;• The development of a permanent system of monitoring and periodic evaluation of theway of finance use and fiscal facilities received by SMEs;• The efficient promotion of present financing programs;• The assurance of Romania’s participation - in the communitarian programs, - withinFinancial Instruments component of the Multi-annual Program (2001-2005) for Firmsand Enterprising, especially for SMEs, with the support of EC;• Creating a database with information on financing opportunities for SMEs, guaranteefunds; commercial banks, risk capital funds;18 This chapter is based on “Financing Opportunities and Constrains for Romanian for SMEs “,Ana Popa, Laura GiurcaVasilescu, Mirela Cristea; University of Craiova, Faculty of Economics. source:http://www.opf.slu.cz/pb2000/cz/2005/proceedings/2005_p08.pdf52