Funding for First Home ends quickly. Money redistribute between banks

According to the law, "National Fund Credit Guarantee for Small and Medium Enterprises (FNGCIMM) is authorized to assess at least quarterly usage by donors ceilings allocated and make reallocations between donors by the use of ceilings allocated".

FNGCIMM constantly evaluates the usability of the ceilings allocated by donors, estimating based on the pace of granting of individual banks in the first quarter of 2016, the date on which donors will complete ceilings. This year, the ceiling for granting guarantees under the First House amounted to 378.4 million euros. In late February, FNGCIMM money distributed to the 18 partner banks in the program. According to authorities, the ceilings allocated to each institution was allocated so as to provide the necessary guarantee for a year. Rumors that the program supported by the state would have a close Romanian pushed to hurry, the number of applications increasing by about 25% this year, reveals an analysis of Edil Real Estate Agency Cluj. According FNGCIMM, number of files received each day reached 460, from 370 a day. Less than a month and a half after distributing the money for 2016, one bank has already announced funds are exhausted, requesting allocation of an additional ceiling.

Romania had the highest increase in February of construction work in all Member States of the European Union compared to the previous month, according to data presented Tuesday by the European Statistics Office (Eurostat), according to Agerpres Instead, construction works decreased by 0.4% in the EU and 1.1% in the euro area. Among the Member States, the largest decreases in construction works were registered in France (minus 6%), Sweden (minus 5.1%) and Slovenia (minus 4.1%) and the highest increases s They were registered in Romania (5.1%), UK (3.1%) and Bulgaria (2.7%). At an annual pace, the construction works in February registered an increase of 2.5% in the euro area and by 2.3% in the EU. Among the Member States, the highest increases were registered in Slovakia (18.8%), Spain (13%), Sweden (11.3%) and Romania (8.1%), while the largest decreases in Slovenia (minus 30.8%), Hungary (minus 19.3%) and Poland (minus 10.1%).

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