During the first pandemic wave, firms affected by government measures could apply for special debt protection until August 31. It was adopted in November soap opera, which allowed these companies to extend the moratorium for another three months, even without the consent of creditors. “The request for an extension was submitted by the parent company … Read more
According to the CNB’s current banking statistics, September brought a further increase in koruna deposits and foreign currency deposits, both in relation to non-financial corporations (by CZK 17.8 billion to CZK 1.189 trillion) and households (by CZK 20.7 billion to CZK 2.733 trillion). ) and sole proprietors (by 2.5 billion to 161 billion crowns). The … Read more
The London investment company Blantyre Capital will provide financing to the Arca Capital group. The companies have agreed on business conditions for debt financing, which will help recapitalize the group, Arca said on Thursday in press release. The group got into trouble in connection with the coronavirus crisis, as a result of which its branches … Read more
Latin America suffers from many crises, whether economic or social, but in light of the Corona virus crisis, the debt crisis in the Latin continent has become a nightmare threatening countries, with the spread of many warnings about the continuing debt crisis. Experts believe that government borrowing in the region has increased dramatically, which has … Read more