Changes made to “First House” program

IPN.md

15 July 2020
18:07

The Government approved the diminution of the initial own contribution within the “First House” program from 10% to 5% of the purchase price of the apartment. Simultaneously, it is increased the age limit of persons who can take part in the program from 45 to 50 years, IPN reports.

There will also be excluded the conditions concerning the lack of dwelling or ownership of homes not larger than 9 m2 per family member. The persons who own homes, but intend to purchase a larger house will also be able to apply to the program.

Another amendment defines the mechanism for providing compensations (equal to 50% of the balance of the loan) to private individuals who took out a home loan before the launch of the “First House” program and meet the program’s eligibility criteria.

The compensation for families with three and more children is increased to 100% of the home loan (main sum).

According to Deputy Prime Minister Sergiu Pușcuța, Minister of Finance, the implementation of the given changes will result in a rise in the number of private individuals eligible to take part in the program.

Under the 2020 state budget law, 90 million lei will go to implement the “First House” program, 40 million lei of which for compensation programs.

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Official documents issued in the Republic of Moldova and Germany may now be used in each other’s countries with only an apostille, without the need for the legalization procedure. The measure enters into force following the Federal Republic of Germany’s withdrawal of the reservation it made in 2007 when the Republic of Moldova acceded to the Hague Apostille Convention, IPN reports.

The Ministry of Foreign Affairs states that the decision was made following steps taken by Deputy Prime Minister Mihai Popsoi, Minister of Foreign Affairs, during his May 18–19 meeting with his German counterpart, Johann David Wadephul.

The ministry emphasizes that the new system will eliminate the need to visit multiple institutions or diplomatic missions to have documents legalized, which will reduce both the time required and the costs incurred by citizens. The simplified procedure will apply to official documents such as birth, marriage, divorce, and death certificates, criminal records, academic diplomas, and diploma supplements.

The Hague Convention on the Apostille entered into force for the Republic of Moldova on March 16, 2007. With its implementation in relations with Germany, the Republic of Moldova will benefit from the same simplified procedure for the recognition of official documents as it does with all 130 states and entities that are parties to the convention.

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Changes made to “First House” program

IPN.md

15 July 2020
18:07

The compensation for families with three and more children is increased to 100% of the home loan (main sum).

Under the 2020 state budget law, 90 million lei will go to implement the “First House” program, 40 million lei of which for compensation programs.

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The minister told the press that, at present, no ships are sailing under the flag of the Republic of Moldova, but the authorities are working to transpose European legislation and develop the legal framework necessary for the development of this sector.

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