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Romanian farmers get bank loan repayment moratorium

October 11, 2024

Farmers whose crops were affected by drought in proportion to 50% this year will not have to pay their debts to banks and non-bank financial institutions until August 1, 2025, according to one of the three emergency ordinances endorsed by the government of Romania on October 9.

Minister of agriculture Florin Barbu announced that the government approved three emergency ordinances on October 9 to support the farmers affected by the drought, two of which are complementary,...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/romanian-farmers-bank-loan-moratorium-october-2024
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