State of play: how secure is the alternative source of financing, state aid?
Many companies are trying to find additional financing sources, in order to extend their businesses on the Romanian market, analysts say. If their own capital isn't sufficient, they will turn to external financing in order to help them proceed.
Specialists from law firm Noerr Group Romania say EU funds or bank loans may be hard to get, and recommend state aid as an alternative for investment. December 2012 - From the Print Edition
State aid takes the form of non-reimbursable funds provided by the Romanian Government. The project was launched three years ago, when the business environment was deteriorating. "When the scheme was launched, everyone was really convinced that funds would not be available," says Iulian Sorescu, associated partner, head of the Financial Department at Noerr Finance & Tax. "They were all sceptical, mainly because these funds were coming from the Romanian budget. We all know how hard it is to get m... To continue reading this article you have to be registered
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