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The state compensates small and medium-sized enterprises for interest on loans paid in the period from August 1 to December 31, 2022.

The state compensates small and medium-sized enterprises for interest on loans paid in the period from August 1 to December 31, 2022.

This is provided for by the Government-approved Regulation on the procedure for compensating interest on bank and / or non-bank loans received by small and medium-sized enterprises in Moldova before August 1, 2022. The project is aimed at implementing the order of the Commission for Emergency Situations, according to which 200 million lei will be allocated from the resources of the Enterprise Development Organization (ODA) to support SMEs and compensate interest on loans. Compensation will be available to SMEs that, as of August 1, had outstanding investment bank / non-bank loans received in the national currency for a period of at least 2 years. At the same time, SMEs from several sectors can become beneficiaries: agriculture, forestry and fish farming; extractive industry; processing industry; production and supply of electricity and heat, gas and water, air conditioning; water supply, waste treatment and treatment, restoration work; accommodation and catering activities; information and communication; education; health care and social protection. The state compensates only interest on loans, other payments are not subject to compensation. Also, this program does not include beneficiaries of loans for the purchase of cars and housing. Compensation will be provided based on the application of a potential beneficiary, its amount will be calculated according to a special formula, with up to 300 thousand lei provided for one recipient. Applications can be submitted until the end of February 2023. Compensations will be paid monthly, including via MPay. This compensation program aims to support SMEs and mitigate shocks from rising interest rates on loans. Approximately 2,000 claims for compensation are expected to be received monthly. To implement this program, it is planned to attract at least 5 ODA employees, respectively, the organization's administrative fee is provided, which will be up to 2% of the total amount of compensation.// 09.11.2022 — InfoMarket

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