The use rate was reduced in 2003 and 2004, respectively 51.4% and 53% respectively. As a result of the intensification of the promotion actions financed under the „Export Promotion Program”, the best rate of utilization of funds was recorded in 2005, 89.9%.
International fairs and exhibitions attract the most funds
Budget support is given priority to small and medium-sized businesses to develop export activity and promote supply on foreign markets. The Department of Foreign Trade within the Ministry of Economy and Trade puts annually at exporters a budget approved by the Romanian Government for international fairs and exhibitions, economic missions, representations, market studies, offers and publicity (catalogs, CDs, flyers etc .). Up to now, most exporters in Romania want money to go to international fairs and exhibitions.
Similar programs are also being carried out in the other EU Member States in order to facilitate firms’ access to international markets and to strengthen their exports.
Who can access the funds?
Beneficiaries of the funds for export promotion can be the companies that perform export operations, the companies whose products are of their own design, of quality and with great added value, the companies that have export achievements in the previous years, except the newly established companies which have positive results regarding the efficiency of participation in fairs and exhibitions with support from the state budget, in case of presence in such actions in the previous years. The normative act regulating the granting of funds is Government Decision no. 2100/2004.