Montenegro’s “pomp and circumstance” is of no use to companies

Montenegro’s “pomp and circumstance” is of no use to companies

José Sena Goulão / LUSA

Montenegro’s “pomp and circumstance” is of no use to companies

The Prime Minister, Luís Montenegro

Jorge Pisco says that Spain has set good examples of how to help companies at a time of rising costs.

At height of increase in costswhich start with fuels but spread across different sectors of the economy, the Government decided to act.

In addition to the temporary ISP discount, Luis Montenegro announced this Thursday the launch of a support line.

This amount will be used to finance companies whose energy costs represent more than 20% of their production costs.

According to the Prime Minister, “the State will provide a public guarantee that covers 70% for large companies and 80% for small and medium-sized companies”.

But this does not solve companies’ problems, warns the president of the Portuguese Confederation of Micro, Small and Medium-sized Companies, Jorge Pisco.

Montenegro’s announcements are made “with pomp and circumstance” but they do not “meet the needs of companies in Portugal”. Why lines of credit are “debt”.

In , the person responsible argues that the The State should stop the increase in costs, especially at a time when it is “very difficult” for companies to take on debt, in lines of credit with “very high interest rates”.

Jorge Pisco thinks that a “green lane” for liquidity lost bottom, debureaucratization of the process and 75% of Portugal Transformation, Recovery and Resilience () should continue for micro, small and medium-sized companies.

Spain is an example

The president of the Portuguese Confederation of Micro, Small and Medium Enterprises thinks that, next door, Spain has provided “pragmatic examples” how to help companies.

The Spanish Government is trying to alleviate the instability of the global economy and the expected crisis. He froze rents, banned evictions, intervened in fuel prices, banned energy-related layoffs.

“We are going to manage this crisis well and, above all, we are going to support families, companies and workers. I want to send a message to companies: !”, declared Yolanda Díaz, Minister of Labor.

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