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Romania MOF Explains Financial Support for Specific SMEs Due to War

July 1, 2022, 5:00 AM

The Romanian Ministry of Public Finance June 28 explained financial support facilities for small and medium enterprises (SMEs) facing liquidity issues, due to the ongoing Russia-Ukraine conflict. The announcement includes measures to: 1) establish Dec. 31 as the deadline for granting the financial support to specified SMEs eligible for guarantees and grants under the state aid regime; 2) provide a maximum of 13 months for interest payments to be made on the loans granted; 3) cover up to 90 percent of the bank loans granted for investments, and 10 percent for non-reimbursable amounts; and 4) set the maximum value of ...