The strategy for developing the sector of small and medium-sized enterprises for 2012-2020 was supplemented with the plan of action for implementing it for 2015-2017, which was approved by the Government, IPN reports.

The key objectives are to reduce the administrative barriers and regulatory costs for SMEs, to optimize the regulations in the field, to develop innovative financing schemes, to attract long-term credit lines from international financial institutions and facilitate the SMEs’ access to the public procurement process.

The total cost of the measures contained in the plan is over 1 billion lei. This money will be allocated from the state budget and from sources covered with the assistance of the development partners.

The strategy for developing the sector of small and medium-sized enterprises for 2012-2020 was approved on September 13, 2012.