Venezuelan indebted state oil company has recently announced its plans to disburse a large amount of the loans.
The decision to lend air-industry with low –interest loans was announced this week in several major editions nationwide. According to the information provided by “Nikkei” and “Asahi” resources, it is going to be the first entired bailout package from the government to carriers during the last five years. As it was previously announced in December 2008, Japanese government had offered a partial lifting package of 3 bln yen.
Key car-maker Volvo Car Corporation currently conducts negotiations with Swedish government and European Invsetment Bank for bailout in more than $ 560 mln.
The administration of ABC, Chinese Agricultural Bank announced its plans to lend the national key sector – agriculture. The ABC structure is well-known for its loans by assets.
Nozar company (owned by Nozaleda family), one of the Spain’s biggest property structures, should prove it’s solvency in the court very soon. It’s creditor Avalatransa charged Nozar with the debt of 4 bln euros.
Seeking for loan amidst the crisis has already become a rule for the carmakers. Today Russian car industry, which had always incurred losses, has announced it’s plans to ask for the state help in the form of $ 860 mln.
This week Spanish government finally announced its plans to lend the autocar sector according to what other European countries have already done. After the immense slump in sales had happened, it became obvious that the industry plunged into debts. The industry’s sales fell about 30% last year, and according to the forecasts, it’s not the top.
The president of Ecuador Rafael Correa has announced his plans to freeze the assets of indebted companies: Spanish Repsol and French Perenco. Correa informed that in the case of non-payment the pending debts some of the companies’ assets could be frozen (such as oil installation rigs).
Never-ending story with Rio Tinto, world’s major miner, is expected to be finished very soon. The board of chairmen of Chinese state-owned group Chinalco announced it’s plans for high investment (about 15 bln euro) into the miner.
During the last visit of Iraq French president Nikolas Sarkozy announced he was going to implement a plan to achieve the burden relief for Iraq. According to his statement, 20% of national debt to France will be disbursed with the help of collaboration between two countries: in the form of joint projects.
This Tuesday it was announced that Chile is going to expand the whole amount of loans for it’s major industry: copper mining. As the Mining Ministry announced, the government would increase the financial bailout for small companies in this sector twice.
On Monday, February the 9th French government announced it’s plan to lend major car producers world-known concerns Renault & Peugeot with 3 bln euros to save one of the national key-companies.
One of the country’s key air-companies has become a recurrent victim of global downturn. It has been recently announced that company had more than $ 13 mln debts. According to the statement of mr. Hezekiah Chibulunje (the Deputy Minister for Infrastructure Development), the company incurred it’s losses because of the partnership with South African Airways company, the out-of-date equipment, and extremely increased fuel prices.
On the February, the 6th Vietnam’s banks announced its plan for lending local firms. The whole stimulus package for companies is going to be about $ 1 bln.
This week the government of Senegal announced its plans to demand the extension of due-payment for the country’s internal debts. Initially the major amount of Senegalese debts should have been recovered till the beginning of February. But the problems occurred with the shipping of butane gas postponed the deadline.
One of the key IT-company’s, ProMos Technologies Inc. is currently seeking for investor to defer its credit-line. ProMos should pay in corporate loans more than $330, and the pay-due date is the middle of February.
The plans about overseas lending reduction were announced by the representatives of Japanese leading bank in the beginning of this week. Due to the fluctiations of currency changes in the conditions of global downturn Mizuho Financial Group decided to prevail the most obscure moment in worldwide economics and to cut-off the volume of international loans.
The world mining company Rio Tinto has been plunged to the debt crunch since 2008. The company’s total amount of debt burden is approximately $ 40 bn. According to the statements of the miner’s chief executive Preston Chiaro, one of the ways of the problem’s solution was selling undeveloped assets of the company. However, the lack of potential buyers has come a significant handicap for Rio Tinto to disburse the loan.
Bad luck for Australian major industries - mining - has been continuing since the autumn of 2008. Oz Minerals, national leading company, sinks in debts as well as its rivals.
On the Thursday, 29th the Chairman of Brazilian largest private bank Senhor Branadao announced that Bradesco was going to enlarge its loan portfolio for this year.
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