The small and medium-size companies, which have just began their activity, will be able to receive a non-reimbursable aid of up to 120,000 Lei (26,000 Eur) from the Government, for investments, by the new START 2016 Program.

Within the program, a small and medium-size company may receive up to maximum 120,000 Lei, which represents at the most 90% of the total investment it must make within the program. The contractor must supply at least 10% of the investment.

Last week, the Entrepreneurship and Programs Implementation for Small and Medium-Size Companies Directorate within the Ministry of Economy, Commerce, and Business Environment Relations published the procedure and the annexes for the “Program for developing the entrepreneurship abilities among young persons and facilitating their access to funding – START”.

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