The minister said this could be an advantage for Romanian farmers after the liberalization of land transactions starting January 1, 2014, adding this procedure will be regulated in upcoming months.
Constantin also said this move is very important considering the planned liberalization of land market starting January 2014, which will lure many foreign investors probably willing to buy land in Romania.
“This move is not allowed at the moment, but if we succeed in making it possible, it would a first sign from banks that they are willing to be more open to the agricultural sector,” he also said.
Constantin added he is also in talks with bank officials as regards setting up a lending fund to be made available to small farmers who lack financial resources needed to develop certain projects.