Thursday, March 19, 2020

Romania’s PM announces first measures to help the economy deal with Covid-19 effects (COVID-19)

Romania’s Government adopted on Wednesday evening, March 18, the first set of measures aimed at helping local companies deal with the effects of the new coronavirus (Covid-19) epidemic. The measures include extended guarantees for companies that take loans for investments and working capital and covering the costs with technical unemployment for the companies that suspend their operations because of the coronavirus, prime minister Ludovic Orban announced in a press briefing on Thursday, March 19.

The Government issued an emergency ordinance to increase the maximum total value of guarantees that can be extended to local SMEs. Read More