SUBSIDIES
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Revamped Mortgage Lending Program Doubles Loan Cap, Triples Down Payment for New Builds
The revamped version of Romania's subsidized mortgage lending program, pending government approval, doubles the loan cap for newly-built housing to EUR140,000 and triples the required down payment from 5% to 15%.
Romania Seeks to Double Loan Cap Under Subsidized Mortgage Lending Program
Romania's government plans to revamp the First Home subsidized mortgage lending program by raising the loan ceiling for new builds to EUR140,000, double compared with the current EUR70,000.
Labor Minister Estimates One Million Romanians Could Benefit from Furlough Pay
An estimated one million Romanian employees would benefit from government-subsidized furlough pay, labor minister Violeta Alexandru said Friday.
Agriculture Ministry Allots RON1.7B To Make Faster Subsidy Payments To Farmers
Romania’s Agriculture Ministry allocates approximately RON1.7 billion, from privatization proceeds, to make faster subsidy payments to farmers.
CE Oltenia: Large Subsidies For Renewable Could Bankrupt Classic Operators
Officials of Romanian energy holding CE Oltenia say Romania has the largest subsidies in the world for renewable energy producers and this approach could bankrupt classic operators and endan...
Minister: Romanian Farmers To Get Subsidies Of EUR692M In Advance As Of Mid-October
Romanian farmers will receive subsidies of nearly EUR692 million (namely EUR79 per hectare), starting with the second half of October, which represent a down-payment of the total direct surf...
Cheap Milk From Other Countries To Raise Romania's Imports Starting 2015
The liberalization of the milk market will determine an increase in Romania's milk imports starting next year and authorities plan to differentiate subsidies for milk and beef, Agriculture M...
Romania To Blacklist Airports And Golf Courses For Agriculture Subsidies
Airports and golf courses will be blacklisted as inactive farmers and will no longer be eligible for farming subsidies, said Dorel Benu, general manager of the country's paying agency for ag...
Agriculture Ministry Borrows RON6.3B From Treasury To Pay Subsidies In Due Time
Romania’s Agriculture Minister Daniel Constantin Monday said the ministry he runs will borrow 6.3 billion (EUR1.4 billion) from the state’s Treasury to be able to pay subsidies in the agricu...