Gov’t guarantees and subsidised loans for weatherproofing

The Government on Wednesday passed an emergency ordinance concerning building weatherproofing on Government guarantees and subsidised loans, Minister of Rural Development and Tourism Elena Udrea said at the end of the Government meeting.

‘Unlike the current programme, under which the Development Ministry bears 50 percent of the weatherproofing costs for flats, single-family units will now qualify. A second novelty regards the fact that the state is paying Governemnt guarantees and loan subsidies for the works,’ said Udrea.
She mentioned that the provisions of the new normative act will come into force seven days after approval and the interest rates will be negotiated between the Finance Ministry and the institutions that will grant the loans. ‘I have discussed with bankers and they voiced wish to join the programme,’ said Udrea.

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