LEGAL ASPECTS CONCERNING THE MIHAIL KOGALNICEANU PROGRAMME FOR SMALL AND MEDIUM SIZED ENTERPRISES

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.