BREAKING NEWS

The organizing group of the arms business in GĂ«rdec is about to sink, the prosecutors are expected to take the facts from the American Justice in their hands, the order letters in the USA are launched, information will also be obtained about Patrick He...

The organizing group of the arms business in Gërdec is about to sink, the
x
BREAKING NEWS

Daut Gumeni: This is why the socialists and Gentiana Sula blocked the opening of Ilir Metaj's spy file, we expect that the "syringe with sea water" that the DASH senior official injected into SPAK prosecutors will lead to the arrest of "heavyweights"

Daut Gumeni: This is why the socialists and Gentiana Sula blocked the opening of
x
BREAKING NEWS

The scandal erupts, the Parliament of Albania is accused of voting without a quorum on the Law on Strategic Investments, this is how the Constitution was overturned by the majority, the fraud is revealed

The scandal erupts, the Parliament of Albania is accused of voting without a
x
BREAKING NEWS

The dubious wealth of the "sheikh" of the Assembly Laert Duraj who challenges the old "wolves" in politics, apartment 200 thousand euros, 11 bank accounts, staggering profits from rent, 180 thousand euros from property sales, how he justified the milli...

The dubious wealth of the "sheikh" of the Assembly Laert Duraj who
x
BREAKING NEWS

Here are the deals of the SP and Reestablishment, how they are defending the corruption of Klodian Allajbeu and Vilma Nushi, thefts with "Hemodialysis", "Check Up", "Laboratories" and "Sterilization" are proven, arrests are expected from SPAK

Here are the deals of the SP and Reestablishment, how they are defending the
x
BREAKING NEWS

Rama-Berisha set up a commission to destroy SPAK and the Justice Reform, here are the new "non-women" deals with the prime minister to block arrests

Rama-Berisha set up a commission to destroy SPAK and the Justice Reform, here
x
BREAKING NEWS

The Port of Vlora scandal broke, this is how Samir Manes was forgiven 57 thousand square meters of land, 2 ministers were implicated, SPAK takes over the lawsuit against the government mega-oligarch

The Port of Vlora scandal broke, this is how Samir Manes was forgiven 57
x
BREAKING NEWS

The well-known journalist warns of sensational arrests in the coming days, here are some of the "scorching" files that SPAK is investigating and the scheme followed by BKH agents to arrest Jorgo Goro, the acting mayor of Himara was intercepted for 4 mo...

The well-known journalist warns of sensational arrests in the coming days, here
x

Ekonomia

The deadline for the sovereign guarantee is extended, businesses have until June 30 to apply, only 5 billion ALL have been used

The deadline for the sovereign guarantee is extended, businesses have until June

The Ministry of Finance has decided to extend the validity of the second sovereign guarantee until June 30, 2021 from December 31, 2020 that was planned. The need for a recovery after the isolation forced businesses instead to apply for loans, but given the difficult conditions for facing a normal loan, the government decided in cooperation with the Bank of Albania to issue a second sovereign guarantee, which focuses on many to fason and service businesses. Sovereign guarantee is a type of loan where 60% of the risk is covered by the government and 40% by the banks, there are also many facilities in the procedures. Most requests for loan extensions have been voiced by Banking Associations, which have indicated that there are still many applications in the process of revaluation and increasing interest by businesses in recent months. "The Ministry of Finance and Economy announces that it has approved the extension of the deadline for applications under the state guarantee scheme aimed at restoring commercial activity, a guarantee approved by the decision of the Council of Ministers. Based on this decision, the MFE approved the request of the Albanian Banking Association, which has deemed necessary another extension of the application deadline under this state-backed lending scheme, given that there are still entities interested in it. benefited from this scheme, this deadline is extended until June 30, 2021. Postponing the deadline for applications until mid-2021 will enable the benefit of a larger number of businesses ", it is said in the announcement. Among other things, the notice clarifies that,

Only 30% of the fund was used

The Ministry indicates that so far only 5 billion ALL have been used out of the 15 billion ALL that were made available for the second sovereign guarantee. According to the ministry, this low use has come because at first businesses were skeptical, but over time they began to apply and use the second sovereign guarantee for the recovery of their activity. Meanwhile, the ministry points out once again that banks have submitted hundreds of applications from businesses that are in the process of revaluation, which with the postponement of the deadline can be concretized in the coming months. Meanwhile, it is reported that until December 31, when the closure of applications in the initial plan was foreseen, over 300 businesses have benefited from the second sovereign guarantee. "According to SHSHB, by the end of December 2020, which coincides with the deadline for applications under the scheme of this guarantee, have benefited 308 businesses, mainly in the sector of trade, service or production, in favor of which loans, credit lines or overdrafts have been approved, in a total value of about 8.95 billion Lekë. In conditions where the sovereign guarantee covers 60% of the value of loans, it results that by the end of 2020, the state guarantee, approved with a total value of 15 billion Lekë, has been used in the amount of more than 5 billion Lekë, or expressed as a percentage over 30% of the total amount. We emphasize that the banks have applications that are still in the evaluation process, which continuously increase this value of using the support with state guarantees ", it is said in the announcement. As we recall here that the Minister of Finance himself stated a few weeks ago that the banks have informed him that over 500 businesses are in the process of applying, therefore it was necessary to extend the deadline. While it becomes clear that the value of the loan placed available by the lender to the borrower in no case will be higher than 300 million ALL. Also, no bank will provide loans more than 50% of the value of the available guarantee, for borrowers who require more than 150 million ALL.