Romanian ELITE companies discuss SME financing needs with EU MEPs
- Romanian ELITE companies Arobs and Teamnet attend European Parliament event in Brussels
- Event co-hosted by LSEG, Commissioner Lord Hill and Roberto Gualtieri MEP
- Discussion focused on the importance of SMEs in driving EU growth
- ELITE is London Stock Exchange Group’s international programme for ambitious high growth businesses
Arobs and Teamnet joined a London Stock Exchange Group event at the European Parliament in Brussels today. Hosted together with Lord Hill, European Commissioner for Financial Stability, Financial Services and Capital Markets Union and Roberto Gualtieri MEP, Chair of the Economic and Monetary Committee, the event focused on the financing needs for small and medium sized enterprises (SMEs) and high growth companies across Europe and their significance in driving EU growth and investment.
The Romanian CEOs had the opportunity to meet large institutional investors and members of the European Parliament, contributing to the debate on how the business and political communities can work together to support SMEs and broader economic development across Europe.
There are seven Romanian companies on LSEG’s ELITE programme, joining over 320 companies from across Europe, representing a diverse range of sectors including food retailers, manufacturers and software and computers services firms. Together, these 320 firms generate over €30 billion in combined revenues and account for over 120,000 jobs across Europe.
Commissioner Lord Hill, European Commissioner for Financial Stability, Financial Services and Capital Markets Union said:
"I want the Capital Markets Union to help European businesses, and our SMEs in particular, have a wider range of funding sources. Our proposed changes on prospectuses, for example, will make them simpler, faster and cheaper to produce, clearer to investors and easier to get hold of. I think that all 28 of the EU's Member States will benefit. I'm looking forward to working with them and the European Parliament to get this proposal adopted as speedily as possible, and in that way to support businesses that create growth in Europe."
Xavier Rolet, CEO, London Stock Exchange Group said:
“Today’s event, in conjunction with the tremendous work Commissioner Lord Hill and his team are carrying out with the Capital Markets Union, is an important step forward in providing greater support for SMEs across Europe. “SMEs are the lifeblood of our economies and it is vital that they have access to finance so they can invest and grow into global companies, providing the jobs of tomorrow. At LSEG, we support SMEs through programs such as ELITE and believe it is imperative to continue to support initiatives which improve access and cut the cost of finance for these companies.”
For further information on the ELITE programme, companies and the full list of partners, please go to: www.elite-growth.com
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For further information:
+44 (0)20 7797 1222
ELITE offers businesses a full programme to help them grow, including education, training and direct contact with Europe’s financial and advisory community, through a unique online portal. Management teams are guided on how best to fast-track their development and capital raising processes, how to access the most suitable funding for their needs, whether private equity, venture capital or the bond or equity markets, and given advice on building their profile and reach.
ELITE also allows its vibrant international advisor and investor community the opportunity to engage with a pool of high quality, dynamic companies and entrepreneurs, all of whom are open to the advice, opportunities and connections that the programme offers.
For further information on the programme, companies and the full list of partners, please go to: www.elite-growth.com
About London Stock Exchange Group
London Stock Exchange Group (LSE.L) is a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community. The Group can trace its history back to 1698.
The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, a pan-European equities MTF. It is also home to one of the world’s leading growth markets for SMEs, AIM. Through its platforms, the Group offers international business and investors unrivalled access to Europe's capital markets.
Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of multi-asset global CCP operator, LCH.Clearnet Group, LSEG operates CC&G, the Italian clearing house; Monte Titoli, the T2S-ready European settlement business; and globeSettle, the Group’s newly established CSD based in Luxembourg.
The Group is a global leader in indexing and analytic solutions. FTSE Russell offers thousands of indexes that measure and benchmark markets around the world. The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, and RNS.
London Stock Exchange Group is a leading developer of high performance trading platforms and capital markets software for customers around the world. Currently, over 40 organisations and exchanges use the Group’s MillenniumIT trading, surveillance and post trade technology, including the Group’s own markets.
Headquartered in London, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,700 people.
Further information on London Stock Exchange Group can be found at www.lseg.com