Small and medium-sized enterprises will easily obtain loans offered by the Loan Guarantee Fund. The Ministry of Economy has drafted a regulation that provides for simplification of procedures in this respect. An electronic platform will be created to allow for the examination of the application and the signing of a distance guarantee contract.

"The procedure will be simplified and the applicant will be able to apply for remote access to the credit guarantee information system and other financial institutions such as micro-finance institutions," said Vitalie Iurcu, State Secretary of the Ministry of Economy.

According to the leadership of the Organization for Development of the Small and Medium Enterprises Sector, the examination of the guarantee application will decrease from five to three days.

"We are talking about a set of standard documents, all documents will be transferred through this ODIMM software for analysis and within three days we will issue the guarantee decision or reject the guarantee," said Petru Gurgurov, interim director of ODIMM.

The Loan Guarantee Fund for Small and Medium Enterprises is around 120 million lei. The development strategy in this field stipulates that 2,500 economic agents will be trained each year in business development. The executive will also support women's involvement in business. Every year, 100 businesses created by women will be funded with special grants.