The Ministry of Finance proposed a bill to update the regulations concerning the procurement of financial services by state/municipal enterprises and commercial organizations with full or partial state capital for public debates, IPN reports.
Thus, if the contest to attract financial services is rerun and only one bid is submitted, the contest will not be suspended as now. Another change refers to the prudential norms that should be respected by the banks that provide financial services. The non-correspondence of the prudential norms in the space between the signing of the financial services procurement contract and its expiry will lead to the termination of the contract.
The bill also provides that the situations for obtaining a banking loan are not regulated by the given procedures. The notion of financial institution is substituted with ‘bank’ in accordance with the Law on Banking Activity of October 6, 2017.
