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Ekonomia

"The guarantee covers 70% of loans from the banking system", Minister Mete gives the good news: Next week we will approve the details of the guarantee for the fashion sector

"The guarantee covers 70% of loans from the banking system", Minister

The government is expected to approve during the next week the details regarding the Sovereign Guarantee instrument for the fashion processing industry sector. This was announced by the Minister of Finance, Ervin Mete, during his speech at the meeting of the National Economic Council.

Minister Mete emphasized the fact that this aid instrument in the fashion sector is expected to be in more positive and facilitating terms than the sovereign guarantees that the government has undertaken during the pandemic period.

"We expect to spend next week in the government to determine the details, which will probably be even more positive than the sovereign guarantees were during the pandemic. We are talking about a guarantee that covers about 70% of loans from the banking system, for a margin of 1.5 or 2%, for a "grace period" of about 9 months, and we believe that, either for the investment part or for the subject part the first time the sector has needed it, it will be helpful", said the Minister.

On the other hand, the minister pointed out that the processing industry sector has had accelerated treatment both in the case of VAT refunds and in terms of actions with their accounts. Mete emphasized that, in general, at the end of last year, the level of arrears of VAT refunds for business was zero.

"For specific sectors, I am referring again to the fashion since it has been in the spotlight, we have had a fruitful discussion, I believe, about the interaction they have with the fiscal, either with Taxes or with Customs, taking the commitment to facilitate and simplify the procedures when it comes VAT refund work or in cases of interaction for their accounts. It should be noted that last year we had zero VAT refunds in arrears in all sectors, especially in these sectors, which are priority sectors when it comes to their fiscal treatment", said the minister.

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