1,7 million leis will be allocated for replenishing special fund of warranting credits and introduction of stimulating schemes of warranting credits by the Organization for Development of Small and Medium Enterprises.
It was declared by the director of ODSME Julia Jabandzhi during the first session of the Coordination council of organization. As the press-service of the Ministry of Economy and trade informs, Julia Jabandzhi presented the Plan of actions of ODSME for 2007 developed on the basis of the main targets and objectives of organization: facilitation of access to financing and information, development of competitiveness of small and medium enterprises and promotion of effective dialogue between the state and private sector. Up to the end of year the organization plans to define new financial institutions for setting partnership relations in the process of warranting credits, to create Guarantee fund of credits for small and medium enterprises and to find means for its replenishing. Budget of ODSME makes 3 million leis; 1,7 million leis of which will be distributed for replenishing Special fund of warranting credits and introductions of stimulating schemes. ODSME was created by the government in May, 2007 instead of the fund of small business support.