Financial guarantees for exporting companies have also been proposed since 2013. Since 2016, the maximum amount has been RON 5 million, with a coverage rate of 50 % of the loan amount. Over the years, this mechanism has demonstrated its functionality and viability, and entrepreneurs have had the opportunity to convince themselves that it is an effective tool for business development.
Since the beginning of this year, ODIMM through the FGC has granted 42 financial guarantees amounting to RON 25 million, which have attracted more than RON 106 million of investments. The analysis of the impact of the guarantees shows that each leu granted in the form of a guarantee allows investments amounting to RON 5 to be made.
Thus, to date, ODSME-backed loans have helped to improve production capacities in agriculture, the food industry, the woodworking industry, services, construction, etc. In particular, the beneficial impact on job creation, the increase in turnover and the increase in contributions to the state budget should be noted.