HK ČR: Lack of cash raises tension among firms

(ČIA) More than three fifths of Czech companies (62%) hit by the coronavirus crisis have not recorded any measure from their creditors helping them keep liquidity and cashflow. Many suppliers even shortened the maturity periods of their invoices. This raises a tension among companies. According to an analysis published by the Chamber of Commerce of the Czech Republic, the majority of municipalities hesitate with efficient aid. The respondents usually see positive reactions from banks.



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