Romanian small and medium-sized companies (SMEs) can buy equipment and machinery under leasing financing, with state-guarantees.

The Government ordinance for the IMM Leasing program was published on Friday in the Official Gazette.

The maximum financing guaranteed under the program is RON 5 million (EUR 1 mln), Ziarul Financiar reported. The guarantee extended by the state accounts for 80% for the purchase of IT equipment and 60% for machinery or transport means for freight or passengers.

The companies will not be required front payment, and the contracts will have a duration of up to five years. The state will subsidize half of the interest costs as well.

The program aims to help Romanian companies buy equipment that is a prerequisite for competing for public infrastructure programs, said Dumitru Nancu, head of the national credit guarantee fund for SMEs (FNCGIMM), which handles IMM Leasing program. 

(Photo: Pixabay)

editor@romania-insider.com