Govt.-backed home purchase program kicks off in Romania

Romania’s loan guarantee fund for small and medium sized enterprises (FNGCIMM), the body that manages the guarantees extended by the Government to individuals contracting mortgage loans under the Prima Casa (First Home) program, announced the launch of the program’s 2020 round. The Government approved on February 4 guarantees of nearly RON 2 billion (EUR 419 mln) for the program. The terms of the program have not changed from past years. ...

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