QUOTE: Suspending 9-month rates can make the difference between the survival or bankruptcy of the industry
For Romanian carriers, suspending the payment of bank rates and leasing rates for a period of 9 months can make the difference between the survival or bankruptcy of an industry, says COTAR president Vasile Ştefănescu on Wednesday in a statement released by MEDIAFAX.
The Confederation of Authorized Operators and Carriers of Romania (COTAR) appreciates that the emergence of the GEO project that suspends the repayment of loans until the end of the year, announced on Wednesday by the Minister of Finance Florin Cîţu, represents the first consistent measure that supports both the population and the business environment with capital. local.
“The impact of the imminent financial crisis that will severely affect Romania in the medium term, as of this year, following the pandemic with Covid-19, can only be ameliorated by the implementation of clear, substantial, non-bureaucratic fiscal-budgetary measures that can be applied fast and easy access to the entire affected business environment. Suspending the obligation to pay rates and interest due on bank and non-bank loans by the end of 2020, by both individuals and companies is the most important measure taken so far by policy makers. For Romanian carriers, suspending the payment of bank rates and leasing rates for a period of 9 months can make the difference between the survival or bankruptcy of an industry, ”said Vasile Stefanescu, COTAR president.
COTAR shows that only by such prompt measures and by joint efforts of all those mandated to represent the interests of all citizens and economic operators, the negative effects of the existing exceptional situation will be able to be limited, so that this difficult period will be overcome in the shortest time. , in a way that allows for a speedy return to normalcy of the economy.
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