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Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for measure RO-2020-18/535 Updated – measures in Romania

Temporary suspension of payment obligations for loans

Suspendare temoporara a platii ratelor bancare

Country Romania , applies nationwide
Time period Temporary, 30 April 2020 – 31 March 2021
Context COVID-19
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Deferral of payments or liabilities
Author Victoria Stoiciu (European Institute of Romania)
Measure added 13 April 2020 (updated 07 February 2022)

Background information

The Romanian Government introduced several measures to mitigate the negative effects of the COVID–19 outbreak, which lead to certain debtors being negatively affected, small and medium-sized enterprises and other legal entities facing a severe lack of liquidity. In this context and in order to limit the extent of the economic hardships, the Government allows the entities that are beneficiaries of loans from financial institutions to suspend their payment obligations for up to 9 months, but no longer than 31 December 2020.

Content of measure

The Government allows the entities that are beneficiaries of loans from financial institutions to suspend their payment obligations for up to 9 months, but no longer than 31 December 2020. Any individual or legal entity, be they persons, enterprises or other forms of activity (self-employed persons, family businesses) who have acquired a loan or a leasing qualify for a temporary suspension. The debtors must be in good standing, having settled their financial obligations to the date before making the request for suspension. A sworn statement must be provided by the debtors, attesting the fact that their activity has been affected by the pandemic. The legal entities must provide proof, in the form of certificates for emergency situations, obtained from the Ministry of Economy, Energy and Business. The precondition is for the entity asking for suspension to be directly or indirectly affected by the pandemic. The months of suspension are to be added to the initial credit period, and the total credit period that result cannot exceed the sum of the initial credit period and the months of suspension.


The following updates to this measure have been made after it came into effect.

30 December 2020

The Emergency Government Ordinance no. 227/2020 extended the suspension effects of the moratorium and the deadlines applicable to the debtors eligible to benefit from the moratorium on loan payments in the context of the COVID-19 pandemic.

To benefit from the postponement of payments, the debtors must request this facility from the creditor no later than 15 March 2021, so that the creditor can analyze and issue the decision until 31 March 2021.

In addition, the new GEO provides that the measure applies to debtors which did not request the postponement until 15 June 2020 or have been granted postponement of payments under GEO 37/2020 or benefited from a non-legislative moratorium.

Use of measure

Romanian banks have approximately 1,5 million retail clients and 100.000 corporate costumers. Approximately 10% (150.000 retail customers and 10.000 corporate customers) have applied for the suspension of payments until 12th April 2020, but the number will probably increase, since the measure applies until mid-May 2020.

Target groups

Workers Businesses Citizens
Other groups of workers
Does not apply to businesses Does not apply to citizens

Actors and funding

Actors Funding
National government
Company / Companies
No special funding required

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role No involvement No involvement
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • Unknown
  • Main level of involvement: Unknown



Views and reactions

Starting on 26th March, the Government has suspended the social dialogue for the period of state of emergency.



Eurofound (2020), Temporary suspension of payment obligations for loans, measure RO-2020-18/535 (measures in Romania), EU PolicyWatch, Dublin,


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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.