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Coronavirus: Real Estate Update

March 27, 2020 3:43 am Published by

Having in view the constraints and economic implications expected to affect the construction field as a result of the current COVID-19 pandemic crisis, the Employers’ Federation of Building Companies – FPSC – has requested the Romanian Government to undertake urgent legal measures for the benefit of investors, developers and the construction workers such as fiscal indemnifications and exemptions, prolongation of loan payments and exemptions from the related interest throughout the duration of the crisis.

Coronavirus: Government aids small and medium enterprises (SMEs) with multiannual program

March 24, 2020 3:39 am Published by

Coronavirus: Government aids small and medium enterprises (SMEs) with multiannual program According to the Government Emergency Ordinance no. 29/2020 regarding certain economic and fiscal-budgetary measures, the Ministry of Public Finance will implement a multi-annual program for supporting the SMEs in order to mitigate the effects of the COVID – 19 spread, by guaranteeing loans and subsidizing the interest for these financing measures.