OTP Consulting, CCIR partnering to back young Romanian entrepreneurs

OTP Consulting, CCIR partnering to back young Romanian entrepreneurs EU, Romania (Author: SeeNews). License: all rights reserved.

BUCHAREST (Romania), November 22 (SeeNews) -  OTP Consulting said it has partnered with Romania's Chamber of Commerce and Industry (CCIR) to make available some 10.7 million euro ($12.56 million) in EU funds to Romanian entrepreneurs.

The two partners have launched three financing programmes dedicated to over 1,500 young entrepreneurs in the country and in the diaspora, OTP Consulting said in a press release on Tuesday.

The first programme is worth 5 million euro and aims to support Romanian citizens aged over 18 living in rural or urban areas of Harghita, Mures, Covasna, Brasov, Sibiu and Alba, who want to set up a non-agricultural business in the urban area.

Worth 4 million euro, the second project aims at developing entrepreneurial spirit and generating more non-agricultural and non-agricultural businesses in the Romania's southern historical region of  Muntenia.The project is dedicated to young people aged over 18 who are domiciled in Arges, Dambovita, Prahova, Teleorman, Calaraşi, Ialomita and Giurgiu, and want to start their own business.

The third project addresses young Romanians living abroad who want to start a business in the seven less developed regions in the country. It is worth 1.7 million euro.

"We value innovation and entrepreneurship and we believe that through the open opportunities offered by the Human Capital Operational Program 2014-2020  we will improve the national business climate," CCIR's head of strategy, policies and programs directorate, Ana Cristina Ionescu, said.

The projects are co-financed from the the EU's Human Capital Operational Programme 2014-2020.

OTP Consulting Romania is a member of Hungary's OTP Group and operates since 2007, providing support for non-reimbursable financing destined for investment and project development.

($=0.8518 euro)

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