guarantee

Bancpost, Eximbank Sign SME Funding Agreement With RON20M Guarantee Cap

Small and medium-sized companies with insufficient assets to cover guarantees may get loans from Bancpost, under a guarantee cap of RON20 million, following an agreement between the lender and EximBank.

Romanian Senate Approves Guarantee Agreement For EIB Loan To Ford Romania

The Romanian Senate approved Tuesday the draft law ratifying the Guarantee Agreement between Romania and the European Investment Bank (EIB), guaranteeing 80% of the a financing contract concluded between the EIB and Ford Romania.

Romania Raises Guarantee Cap For New Housing Purchases To EUR75,000

The guarantee ceiling for Romania’s government housing program will be kept at EUR60,000 for already built homes but will be raised to EUR70,000 or EUR75,000 for new homes.

Romania’s PM Confirms IMF Agrees To EUR1B Hike Of Public Guarantee Cap In 2010

Romania’s Prime Minister Emil Boc confirmed Wednesday that the ceiling on general government guarantees will be increased by EUR1 billion in 2010, the additional funds ensuring the necessary resources to co-finance European projects for local administrations and companies.

Romania To Guarantee Transgaz’s EUR417M Contribution To Nabucco

Romanian gas pipeline operator Transgaz Medias’s (TGN.RO) contribution to the Nabucco project, amounting to EUR417 million, will be guaranteed by the state, according to a draft executive decision approved Wednesday.

Romanian Govt To Remove Monetary Guarantee For Presidential Hopefuls

The leader of the Romanian democrat liberal deputies, Mircea Toader, said Monday after a democratic liberal Standing Office meeting that the coalition has discussed and established, in principle, the removal of the monetary guarantee for presidential candidates.

Romanian Cos Targeting 6-Mo Budget Debt Payment Delay To Submit Bk/Property Guarantees

The Romanian companies aiming to postpone paying budget debts for a six-month period will be compelled to guarantee the subsequent debt reimbursement through banking and/or real estate letters of guarantee, which need to cover the deferred amounts and any delay penalties.

Romanian PM Asks Finance Ministry To Analyze Co-Financing Guarantees For All Programs

Romanian Prime Minister Emil Boc asked the Finance Ministry on Wednesday to analyze the possibility to guarantee co-financing for all operational programs, after ministers complained that banks did not send letters of guarantee in time.

Romanian Govt Extends „First House” Guarantee For House-Building

The Romanian Government guarantee for the “First House” program will equally target the people taking loans for building a house, according to completions made by the Cabinet at the program’s methodological norms.

Romanian State Guarantee System For „First Home” Program To Be Simplified – PM

The Romanian state guarantee system for the “First Home” program will be simplified so that the procedures can only be unrolled through the SMEs National Guarantee Fund and the Finance Ministry, Prime Minister Emil Boc said Wednesday.

Romanian Notaries To Cut Fees By 30% For „First Home” Participants

Romanian notaries will cut by 30% the duties perceived for contracts for sale and purchase and for authenticate mortgages in the case of individuals who buy dwellings through the “First Home” program, the National Union of Public Notaries UNNPR said Thursday.

Romanians Buying Dwellings In „First Home” Program To Pay Reduced VAT, Of 5%

Romanians who will buy a dwelling through the “First Home” loan guarantee program will pay a reduced value added tax, of 5%, and the program will be operational as of July, the government said Thursday.

Romania’s Govt Extends SMEs Guarantee Fund’s Object Of Activity For „First Home” Proj

Romania’s Government extended object of activity for the National Fund Guaranteeing Loans of Small- and Medium-Sized Enterprises’ by emergency ordinance, so that it may also guarantee mortgage loans for the “First Home” project, Prime Minister Emil Boc said Wednesday.

Romanian Govt to Begin Talks With Ford On Loan Guarantees

The Romanian government will begin talks with Ford on the conditions to guarantee a loan for the American group, in accordance with the request formulated by the investor late 2008.

Romanian Businesspeople Urge Concrete Info On Bk Deposit Guarantee Threshold

The Association of Romanian Businesspeople, or AOAR, urged the central bank and the Ministry of Economy and Finance to issue a public stand on the possibility to increase the threshold on guaranteed bank deposits for people and companies, from the current EUR20,000/ depositor.