The credit support provided by the Polish Government can be accessed through Mobiasbanca. In a press release, the bank says it can offer its customers financing on favorable terms for the development of companies operating in the agro-food and industrial sectors of the Republic of Moldova, IPN reports.
Thus, in order to develop their business, the customers can access, within the program, loans of €500 000 to €5 million, which will be offered for a period of maximum 12 years within the lending facility of the “Polish Loan” program. Companies that will apply for financing will additionally benefit from multiple advantages, such as affordable lending conditions, a wide range of equipment and services eligible for financing provided by entrepreneurs of the Republic of Poland, VAT and import fee at 0 (zero) rate.
To be eligible for applying to the program, the companies must meet the following conditions: foundation/modernization of enterprises in the agro-industrial sector, investments in new technologies regarding the harvesting and processing of crops and livestock production, construction/modernization of production premises, investments in modern technologies and innovations in order to comply with EU standards on food safety and quality requirements etc.
By joining the “Credit support provided by the Polish Government”, Mobiasbanca is expanding its range of financing from external financial sources, offering its customers many advantages for business development and contributing to economic growth, it is said in the press release.
The Government of Poland agreed to lend €100 million to Moldova, but later asked to renegotiate the lending agreement with a view to halving the loan. Since the accord was signed and until last yearend, the Ministry of Finance of Moldova approved six of the 23 applications submitted by enterprises, to the value of about €10 million. The Ministry of Finance of Poland approved five of these.
