The contract is due in July 2023 and was concluded within the IMM Invest program, so that, the interest rate will be subsidized by the State until the end of 2020, through the national guarantee fund for small and medium-sized businesses (FNGCIMM). In the coming years, the interest rate will be calculated at a rate equal to the three-month money market rate ROBOR, plus a margin of 2.45% per year, per data provided by Life is Hard officials.
The company, which has a market capitalization of RON24.4 million, is 63.4% held by Ioan-Catalin Chis, Chairman of the Executive Board, and 13.3% owned by its general manager, Erik Barna.