EUROPEAN FUNDS PROJECT FINANCING

Investment Credit – financing up to 100% of the investment project, without VAT as non-eligible cost – with total coverage of the amounts that are to be cashed in from the authority (pre-financing)  and the total/partial financing of the beneficiary’s contribution to the project (co-financing)

VAT Credit (non-eligible), non-revolving, granted only with the investment credit related to projects that involve structural instruments

• covers up to 100% of the VAT costs related to project
• credit tenor – maximum 15 months

Letter of banking guarantee for advance payment reimbursement issued for the management authority – maximum 36 months, accordingly to the investment credit contract provisions signed with the management authority