ORDER OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF MOLDOVA

of September 22, 2020 No. 118

About introduction of amendments to some Orders of the Ministry of Finance

According to articles 7 and 12 of article I of the Law No. 60/2020 of year about organization of some measures of support of business activity and about modification of some regulations (Monitorul Oficial al Republicii Moldova No. 108-109 (7437-7438 of 25.04.2020) in edition of the Law on modification of some regulations No. 176 of September 11, 2020. I order:

1. "About approval of the Regulations on procedure for subsidizing of interest rates for bank loans under the agreements signed during May 1, 2020 - on December 31, 2020" No. 66/2020 to make the following changes to the Order of the Ministry of Finance:

Item 1 to add 1) with the text: "For agricultural producers, victims of natural disasters, subsidy payment is performed for the percent paid since May 1, 2020 till December, 2020 inclusive."

To add 2) After Item 1 with Item 1-1 with following content:

"1-1 For the purpose of application of this provision, agricultural producers, victims of natural disasters should be considered the business entities who suffered losses more than 50 percent of agricultural products on the area at least 30 percent of total area of the lands which are in use and/or ownership as a result of the natural disasters taking place in 2020 that is established by the stating acts approved by the Commission on emergency situations.".

Item 3 to state 3) in the following edition:

"Are not subject to subsidizing according to this Provision:

- the commission payments and payments levied by banks and/or non-bank organizations for consideration of the case for provision, for servicing of the credit, and also payments, other than interest rates.

- loan interest rates which are subject of the support provided by intervention and payments Agency in the field of agricultural industry within submeasure "Stimulation of crediting of agricultural producers by commercial banks and non-bank financial institutions".".

4) In Item 15:

- in litas. b) after the text "bank institution" to add with the text "and/or non-bank organization";

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info