Prime Minister Orban presents new credit guarantee mechanism designed for large companies

Prime Minister Ludovic Orban and Finance Minister Florin Citu presented, at the consultations carried out at the Victoria Palace on Monday with representatives of the National Association of Romanian Exporters and Importers (ANEIR), a new credit guarantee mechanism, an instrument which can ensure working capital to large companies.

According to a post on the Government’s Facebook page, the discussions mainly focused on the need to ensure capital for investments in order to relaunch production, both through governmental support mechanisms and timely payment of government bonds to companies.

“The Prime Minister and the Finance Minister presented a new credit guarantee mechanism, an instrument which can ensure working capital to large companies. The project which the Government is consulting on with the European Commission will be carried out through Eximbank, it will have a ceiling of 8 billion lei and it will grant a credit guarantee of up to 80 percent,” according to the Facebook post.

Moreover, the PM mentioned the amendments which the Executive brings to the legislative plan in order to direct European funds toward investments and to allow companies’ access to European funds.

At the same time, the quoted source mentions that the Gov’t made efforts to pay, as quickly as possible, the state bonds to the business milieu.

According to the Facebook post, the ANEIR representatives commended the fact that, for the first time in many years, the VAT refund is up to date.

Via Agerpres