Covid-19: Parliament has declared state of emergency for 60 days

The state of emergency was established for the period 17 March - 15 May 2020.

Specific measures shall be adopted by the Commission for Emergency Situations.

Measures declared by Prime Minister Ion Chicu in Parlament (17.03.2020):

- Deferral of payments under mortgage loans

- Postponement of term of payment of income tax for Q1 and Q2 2020

- NBM shall soften the lending policy (reduction of the base rate)

- NBM shall support commercial banks for lending to strategic companies

- Utilities are ready to defer or reduce tariffs

- Analyzing the possibility to expand the national agriculture fund

- Temporary financial support for businesses in the food and energy sectors (no risks now)

- Proposing to reduce the VAT rate for HORECA in the coming days

- MinFinshall change regs providing for increased (maybe doubled) compensation for the Prima Casă mortgage program

- The state shall be unable to indemnify for all losses or consequences.