Consell provides 30 million for companies operating in Algeria

New recovery for a new economic downturn. Generalitat plans to launch next week A specific financing line equipped with 30 million euros To make up for the lack of liquidity of companies operating in Algeria. This was announced by Consell chairman Ximo Puig at a meeting this Tuesday with representatives of the chambers of commerce and the Valencian Confederation of Commerce (CEV). country of Spain and North Africa.

At the meeting, which was attended by Regional Foreign Minister Joan Calabuig and Valencia Institute of Finance (IVF) director Manuel Illueca, it was stated that affected companies could buy. Working capital financing of up to 5 million Euros Depending on their size as well as canceled invoices and orders with Algerian importers from December 2021. These are four-year loans that are fully repaid at maturity.

CEV President Salvador Navarro emphasizes that the crisis has affected the ceramics industry in a special way, and especially the province of Alicante, as it has the closest port, confirming that “the solution must come through diplomatic channels”. to Algeria. In fact, the currently airborne export volume from Alicante is 135 million euros per year.

Juan Riera, President of the Alicante Chamber, We regret that 11 weekly flights from the community to Algeria continue to be cancelled..

Source: Informacion

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