Survival prospects of many pandemic-hit firms 'highly uncertain', Central Bank warns
Minister for Finance Pascal Donohoe. âThese figures suggest that, while companies have indeed managed to adjust to the realities of the pandemic, this adjustment for many reasons has not been enough to avoid companies experiencing losses,âMr Makhlouf said. âPolicymakers have acted to support vulnerable businesses and, thankfully, the pandemic has not yet been characterised by widespread company failures, owing to the unprecedented level of direct fiscal support and creditor forbearance that is in the system,â he said, while noting the important role the SME sector as a...
Source: irishtimes.com