Connect with us

Economy

The decision to end the moratorium comes as soon as possible – Companies

Published

on

The decision to end the moratorium comes as soon as possible - Companies

Decisions to mitigate the impact of lifting the moratorium on companies in the sectors most affected by the pandemic will be announced “in a very short time frame”. The guarantee comes from Beatrice Freitas, Executive President of Banco Português de Fomento (BPF), the institution that will be involved in these measures.

At the end of April, according to the Bank of Portugal (BdP), companies had € 23,242 million in outstanding loans. And, according to the government, most of these companies will have “terms and conditions to resume debt service that they had before the moratorium, without the need for special support.” However, in sectors such as tourism, which has been particularly hit by the pandemic, companies will no longer have this capacity from September when the moratorium ends. Therefore, the Government is working with companies and banks on solutions that include the restructuring of this debt.

As Economic Minister Pedro Siza Vieira explained last month, the goal is to ensure that this debt can be repaid over a longer period, at the same time that it can have a grace period to repay capital of “one or two. years. ”To convince the banks, the government“ is ready to guarantee part of this debt. ”This is where the BPF appears, the institution through which these guarantees should be provided. At the hearings in the Assembly of the Republic, Beatrice Freitas said that the measures have not yet been determined, but assures that it will be in the near future.

See also  Dallas County adds 360 coronavirus circumstances with greater part from state backlog, 1 demise

“We are convinced that the issue of moratoriums will indeed arise in the most affected sectors, one of which is tourism,” he said in this regard. “We are working with the government on measures that have not yet been identified that will allow companies in these sectors to face the end of the moratorium. There are several possibilities. We are also in talks with the regulator. variables we need to take into account, ”he added.

He concluded: “In a very short time, we will stabilize an understanding that will allow the Minister of Economy to announce measures for these hardest hit sectors to end the moratorium.”

There is no estimate of losses on the credit line.

At the same hearing, the BPF president also said that at the moment there is no estimate of the losses that the state could incur due to guarantees provided through credit lines to support companies affected by the pandemic.

In 2020, 61 thousand companies received loans secured by the state in the amount of 8.9 billion euros. The guarantees provided for these funding sources amount to $ 7,245 million. And so far there is no estimate of what part of this amount can lead to losses for the state.

“This is an assessment made over time and with the development of the macroeconomic situation and the situation in the company. Impairment associated with these items is also monitored. But there is no estimate of potential losses. Estimated at the end of the year. The last one ends now that the risk analysis model has been updated, ”said Beatrice Freitas.

See also  Janssen vaccine linked to severe rare disease

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

Published

on

Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

Continue Reading

Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

Published

on

The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

Continue Reading

Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

Published

on

Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

See also  RTP pays E&Y €60,000 to save on taxes

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

Continue Reading

Trending