24. June 2002 at 00:00

Better collateral rules to help SME loans

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TASR , SITA ,

Newswire

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PARLIAMENT on June 19 approved a cluster of laws related to European Union accession, including a law on public waterworks and sewage treatment and an amendment to the Civil Code improving rules on collateral to allow movable assets to be used against loans.

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The latter change is expected to increase lending to small and medium-sized enterprises (SMEs).

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