State to pay interest rates on loans equal to remuneration fund for three months

The authorities will provide additional support to business entities that take out loans equal to the value of the remuneration fund for three months, by covering the interest rates on bank loans with state budget funds, IPN reports.

The state will pay the interest rates for business entities that will apply for loans in the immediate period, more exactly until December 31 this year, for paying salaries to employees or for circulating capital. The decision was announced after the working meeting of President Igor Dodon with Parliament Speaker Zinaida Grechanyi and Prime Minister Ion Chicu.

President Dodon said this is an additional support package for business entities besides the technical unemployment benefit provided earlier.

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