Mr Mezei's Autoworld

Question 1

What are structural funds?

Answer 1

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

Question 2

What are structural funds used for?

Answer 2

• to train people with new skills

- set up new businesses

Question 3

What is the EIB?

Answer 3

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

Question 4

What does the EIB stand for?

Answer 4

European Investment Bank

Question 5

What is JASMINE?

Answer 5

a scheme that supports micro finance institutions in Europe

Question 6

What is ROMCOM?

Answer 6

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

Question 7

What is a SME?

Answer 7

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

Question 8

When did Mr Mezei set up his business

Answer 8

1990

Question 9

When did Mr Mezei reach out to ROMCOM?

Answer 9

1991

Question 10

When did Mr Mezei hire 2 apprentices?

Answer 10

1995

Question 11

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

Answer 11

1997

Question 12

When did Mr Mezei partner up with Volkswagen-audi?

Answer 12

1999

Question 13

How many people did Mr Mezei employ recently?

Answer 13

50

Question 14

What does the EIB stand for?

Answer 14

European Investment Bank