BUCHAREST (Romania), June 7 (SeeNews) – Romania’s Agricover Credit score IFN opened a brand new department within the metropolis of Brasov and plans to offer mortgage financing of over 100 million lei ($25 million/ 20 million euro) to greater than 250 native farmers within the space within the coming interval, it stated.
The department is Agricover’s first in central Romania and its tenth within the nation, the corporate stated in a press launch on Friday.
“We would like a larger openness to the of small and medium farmers phase, however we proceed to help giant farmers as properly. On this regard, we’ve ready particular options and applications reminiscent of: investments for the acquisition of agricultural land and help for the enlargement of farms and irrigation programs,” Agricover Credit score IFN common supervisor Robert Rekkers stated.
In keeping with Rekkers, the central space of the nation has nice potential for potato rising and natural farming, in addition to within the livestock sector.
Eatablished in 2008, Agricover Credit score IFN is a non-banking establishment specialised in offering financing to the native agricultural sector. Its majority shareholder is Agricover Holding Group with a 99.99% stake.
(1 euro=4.7432 lei)