Actual ministry of economy is the one for SMEs, says Minister Constantin Nita

Actual ministry of economy is the one for small and medium- sized enterprises (SMEs) because they contribute by more than 70 percent to the GDP, stated on Wednesday Minister for SMEs, Trade and Business Milieu Constantin Nita, on the occasion of the official inauguration of the SMEs Fair opened in Bucharest-based Romexpo complex, starting May 6 through 10, in the framework of the European SMEs Week.

„This year, we have 160 company stands and the spending is three-fold lower compared to the previous editions, when some 40 SMEs opened their stands. Nevertheless, I am still not satisfied, I would have liked 1,600 companies present, which would have made this event truly representative, but there was no money for such a big dimension fair”, said Constantin Nita.

An „Applicant’s Guide” was launched on the occasion of the fair, containing all needed information for those wishing to access non-repayable funds within the Increased Economic Competitiveness SOP projects. By the cutting of red tape in the field of accessing procedures, the required documents number was reduced, the same as the interval since the bidding till the funds are received, from above 200 days to some 45-60 days.

Romexpo pavilions 18 and 19 host companies operating consultancy services, banking guarantees, banking services, namely everything is needed to enhance the funds accession and absorption degree, as well as SMEs displaying their products in fields such as textiles, ready-made- clothes, furniture, carpets, food products etc.

Premier Emil Boc cut the inauguration tape of this Fair, drawing attention upon the need of lower bank rates and crediting re-launch, and by the Senate’s Chairman Mircea Geoana, who made an appeal to European unity in times of crisis.

He also voiced conviction that the Romanian market has the biggest development potential within the European Union, on condition that Romanian investors are no longer discriminated.

One of the main collateral events to TIMM 2009 was the launch of a foreign trade portal. Costin Lianu, Director general with the Ministry for SMEs, explained that the portal was conceived with support from the Institute for Foreign Trade in Switzerland and contains all information a SME would need in case it wishes to sell its products on markets abroad.

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