Loading ...The Ministry of Agriculture and Rural Development (MADR) and the National Bank of Romania (BNR) will analyse in the upcoming period a set of measures for increasing the banks’ trust in the agriculture investments, Agriculture Minister Dacian Ciolos said on November 11 in the end of a meeting with BNR governor Mugur Isarescu.
“We agreed that agriculture represents a potential for the Romanian economy that can be capitalized on. This is why we will initiate some actions in the following period, in order to convince the banks of this reality. We explained why we think agriculture still has certain stability banks can rely on”, Ciolos said.
Agriculture is currently benefiting from safe subsidies for investments, as well as European funds, that have already started to pour in, he underscored.
Agriculture is currently benefiting from safe subsidies for investments, as well as European funds, that have already started to pour in, he underscored.
“Some agricultural sectors have market potential and a better organization and this is why we predict a higher presence of the banks on this priority productive sectors, as well as their participation in the PDMR (rural development plan), such as the vegetables and fruit sector, milk, cereals and meat sector”, the minister underscored.
Should the BNR get involved in such actions initiated by the MADR, its credibility in regard to the technical messages it conveys will also contribute to increase the credibility of the agricultural sector, Ciolos added.
“We plan to forward a bill at the beginning of 2009 that should ensure the budget stability for the support granted to farmers during 2009-2012”, the agriculture minister announced. Under these circumstances the financing level will be stable, as the funds received under the CAP (Common Agricultural Policy) are “nailed down” until 2013.
“We plan to forward a bill at the beginning of 2009 that should ensure the budget stability for the support granted to farmers during 2009-2012”, the agriculture minister announced. Under these circumstances the financing level will be stable, as the funds received under the CAP (Common Agricultural Policy) are “nailed down” until 2013.
“The CAP will be adjusted again at the end of November, to our benefit I hope, but there will be no further modifications until 2013 and we will know what to expect”, Ciolos added.
The subsidies guaranteed until 2012, the co-financing from the national budget, the simplification of the payment agencies’ management, as well as a higher transparency in relation to the banks might create a reliable and safe environment in agriculture. “This will be to the benefit of farmers ready to invest if they should find a proper environment. I believe the measure adopted by BNR, namely to support the extension of loans in lei (Romanian currency) is an efficient way to stimulate investments in agriculture”, the minister said.
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