Aurel Saramet, head of Romania’s national guarantee fund for small and medium-sized businesses, said Tuesday there are advanced talks with the Finance Ministry to supplement funds for this year’s First Home program, as existent financing might be depleted this fall.
Saramet was unable to say what sum authorities had in mind to up financing but said a decision is expected in about two weeks.
Financing though the First Home program has reached EUR490 million and 13,000 beneficiaries, and the remaining EUR300 million will be depleted in three months at the current pace.
Since the launch of the program in 2009, the national guarantee fund granted nearly EUR3.5 million in guarantees to 94,000 beneficiaries.