Mr Mezei's Autoworld Flashcards Preview

Human Geography > Mr Mezei's Autoworld > Flashcards

Flashcards in Mr Mezei's Autoworld Deck (14):
1

What are structural funds?

large amounts of money paid into the EIB to encourage development in the periphery

2

What are structural funds used for?

-to train people with new skills
-set up new businesses

3

What is the EIB?

loans money to financial intermediaries e.g. ROMCOM through the scheme JASMINE

4

What does the EIB stand for?

European Investment Bank

5

What is JASMINE?

a scheme that supports micro finance institutions in Europe

6

What is ROMCOM?

a financial intermediary that has financed over 1200 businesses projects which is 6000 jobs

7

What is a SME?

a small/ medium sized enterprise who get loans from financial intermediaries(ROMCOM) e.g Mr Mezei's Autoworld

8

When did Mr Mezei set up his business

1990

9

When did Mr Mezei reach out to ROMCOM?

1991

10

When did Mr Mezei hire 2 apprentices?

1995

11

When did Mr Mezei approach ROMCOM for a second time to buy new land?

1997

12

When did Mr Mezei partner up with Volkswagen-audi?

1999

13

How many people did Mr Mezei employ recently?

50

14

What does the EIB stand for?

European Investment Bank