Annual Interest Rate For Romania’s EUR5B Loan From European Commission Sets At 3% -Fin Min

"The interest rates and the issues related to the loans will be much lower. I give only one example: today, we take from the domestic market state bonds with interest rates ranging between 11.5% and 12% – they were even higher in January and February – and the financial package we get through foreign loans taken from the European Commission could  mean interest rates at 3% for example. From 12% to 3 % it is a very big difference. The conditions are very, very advantageous for Romania," Pogea said.

Romania agreed end-March with the IMF, the European Union and other international institutions a EUR19.95 billion financial package, supported by a EUR12.95 billion IMF loan under a two-year standby arrangement.