Expert-Grup Asks: What Actions Are Needed to Support Companies During the Coronacrisis?

Respondents also ranked grants and subsidies (about 13%), promoting business digitalisation (13%) and state guarantees for emergency loans (about 12%) as equally important.

Adrian Lupușor, executive director of the Independent Think Tank “Expert-Grup”, says the results show that society expects firm anti-crisis action from the government. Yet about six months after the state of emergency was declared, the authorities have no genuine and effective plan, limiting themselves to marginal measures worth only about 0.5% of GDP, while regional countries implement packages of 3-4% of GDP. Expert-Grup reiterates the need for an ambitious package financed through looser monetary policy, more government securities issuance, external assistance and a Eurobond. It should compensate firms and households for lost income, support digitalisation, stimulate local raw material processing and help small and medium-sized companies adopt technology and reach suppliers and markets.