30 million euros sovereign guarantee in agriculture - Details of the agreement with 11 commercial banks, application deadline until November 20
The Albanian government has signed agreements with 11 commercial banks in the country to enable the application of a sovereign guarantee of 30 million euros in the agricultural sector. The deadline for applying to commercial banks for loans ends on November 20, 2025, and the loans must be disbursed no later than December 20, 2025.
The purpose of the guarantee scheme is to stimulate lending by banks to enable micro, small and medium-sized enterprises in the agricultural sector, as well as farmers equipped with NPT, to invest in physical and technological assets that increase their production capacities, production quality and operational efficiency.
According to the agreement, the government undertakes to pay 70% of the loan received from banks in the event that it is not repaid by the borrower, but does not undertake to guarantee interest, late fees and penalties or any other type of monetary obligation arising from the loans.
According to the agreement, the total amount of loans granted by banks to a borrower must not exceed 250 thousand euros and the loan term cannot be shorter than three years and longer than 5 years.
The loan currency will be in the national currency Lek and the interest rate on disbursed loans will not be higher than 2%. The fees applicable to borrowers for granting loans should not be higher in total than the maximum level of 0.5 percent.
Banks must offer the loan with a principal-free period of no less than 12 months and will not apply penalties for early repayment of the loan.
To qualify for credit, entities must meet certain criteria set out in the agreement.
Specifically, the applicant must be an entity that develops activity as a micro, small, medium-sized enterprise or a farmer with an active grandson; be registered with the National Business Center; must not have unpaid obligations at the time of application; must not have problem loans; the entity's representative must not have been judged by a final decision for fraud, corruption, involvement in a criminal organization or any other type of illegal activity that damages the financial interests of public funds, and must not have historical and current obligations to the Ministry of Finance arising from previous state guarantee schemes.
'Gratitude for the Commando Forces' - Rama: They cleared a 10 km fire front between Delvina and Gjirokastra
Prime Minister Edi Rama today expressed his gratitude to the Commando Forces, who cleared the fire areas along the entire Sopot line, between Delvina and......
Vengu: Firefighters from Korça and Pustec helping against the flames in Skënderbegas, Gramsh!
Minister of Defense, Pirro Vengu, said today in a post on social networks that "in Skanderbeg of Gramsh, every minute matters." He also informed that......
Artificial Intelligence Builds the Homes of the Future - Can Robotics Solve Britain's Housing Crisis?
Giant robotic arms controlled by artificial intelligence move elegantly in a large factory in Oxfordshire, England, building housing frames from wood, one of......
How developed is Albania in digital skills? - RCC: Our businesses surpass those of the EU in social media marketing
Albania surpasses the Western Balkans and Europe in the number of graduates in Information and Communication Technology, in relation to the total of all......
US "fearful" of dependence on critical minerals - About $1 billion in funding to boost domestic production
Critical minerals and materials are essential to modern technology and industrial development, playing a key role in areas ranging from renewable energy to......
The fire situation in the country is improving - 57 fires have been reported in the last 24 hours, of which 29 are active
The Ministry of Defense reports that the fire situation in the country is more stabilized today. Over the last 24 hours, 57 fires have been reported, of......
Family debts to OSHEE, over 44 billion lekë - Reliefs/ New installment repayment scheme implemented, businesses also benefit
The Electricity Distribution Operator began implementing new agreements on July 21 for the installment payment of outstanding obligations until December 31,......
Fire figures, Albania far from regional records // Bosnia and Herzegovina and Montenegro, the most affected in the last decade
Data from the European Forest Fire Information System for the period 2015–2025 show that Albania has lost about 233 thousand hectares to fires, less than......
