Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

Planned foreclosure moratorium for real estate pledged as guarantees for loans of population

The Ministry of Public Finance (MFP) proposes the instatement of a two-year moratorium on foreclosures on real estate pledged by the population as guarantees for banking loans intended for housing purchase or construction. This initiative is included in the short-term package of measures Minister Gheorghe Pogea presented on Monday at the meeting of the working group for the combat of the crisis effects.

Another measure to fend off the immediate effects of the crisis is aimed at reducing the minimum mandatory reserve rate by 0.5 percentage points for each supplementary percentage point in the share of credits commercial banks disburse for production and investments, as well as for the co-financing of the private sector with a view to absorbing structural funds.

The authorities also contemplate the cut by two percentage points of the credit facility offered by the central bank to commercial banks.

Minister Gheorghe Pogea presented on Monday six measures and 23 anti-crisis actions bundled in a package intended to counteract the financial crisis.

The anti-crisis program is due for completion by Jan. 22 and is intended to protect the population's economic well-being (purchasing power, credit reimbursement capacity, job preservation); the program is also aimed at supporting social security, maintaining Romania's attractiveness for investments in these times of crisis and at having the crisis-averting measures implemented in a logical order, so that one measure should be the ground subsequent measures build on.

The priorities of the authorities are to immediately correct the social and financial effects of the crisis, preventing the financial crisis slide into a prolonged economic crisis (recession) and into a human crisis, limiting the decline of economic growth, capitalizing on Romania's opportunities.

The government, the National Bank of Romania, the Romanian Banks Association, the Romanian Academy, the trade unions and employers organizations are all working together to identify a common platform of crisis management solutions.

 

Sursa: http://www.rompress.ro

Tags: crisis mfp

Articole similare