Miscellaneous
SIMEST
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28 February 2020
SIMEST (CDP Group): measures of the Support Committee for companies affected by Coronavirus
The Support Committee, set up at SIMEST, has approved measures to help Italian companies benefiting from subsidized loans for internationalization that have been affected by the emergency due to the Coronavirus. In particular:
- 6-month moratorium on deadlines for submitting documentation and financial reports for internationalization initiatives in China and other countries that have been postponed. In parallel, the pre-amortization and amortization periods of the loans will be postponed by 6 months;
- elimination of the 2% penalty - foreseen for cancellations - for the part of the reimbursement of the financing of the expenses not carried out, in the case of initiatives that have instead been canceled.
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