18 Martie 2009
Nearly 90% local SMEs get hit by the financial crisis, with the worst still to come
Nearly 90 percent of Romania's small and medium-sized companies (SMEs) are more or less affected by the financial and economic crisis, declared Ovidiu Nicolescu, president of the SMEs National Council, cited by NewsIn.
Most of the companies, especially those activating on the auto segment or those producing slow-moving consumer goods experience difficulties in accessing financings and report fewer demands and contracts, but higher interests.
“The amounts are outrageous. A 25-30 percent interest cannot be supported through legal activities,” said Nicolescu.
He thinks that the government should be the one thawing liquidities by paying the 2.1 billion euros it owes to SMEs and of which only a small part was delivered since the promise made in December.
“The state needs to operationalize the guaranteeing fund, the Exim Bank and CEC capitalizations and the clearance of the reinvested profit tax,” added Nicolescu.
“The amounts are outrageous. A 25-30 percent interest cannot be supported through legal activities,” said Nicolescu.
He thinks that the government should be the one thawing liquidities by paying the 2.1 billion euros it owes to SMEs and of which only a small part was delivered since the promise made in December.
“The state needs to operationalize the guaranteeing fund, the Exim Bank and CEC capitalizations and the clearance of the reinvested profit tax,” added Nicolescu.