{"id":14815,"date":"2023-04-26T17:40:56","date_gmt":"2023-04-26T17:40:56","guid":{"rendered":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/recovery-plan-in-difficulty-tacv-owes-the-bank-44-million-euros"},"modified":"2023-04-26T19:01:13","modified_gmt":"2023-04-26T19:01:13","slug":"recovery-plan-in-difficulty-tacv-owes-the-bank-44-million-euros","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/recovery-plan-in-difficulty-tacv-owes-the-bank-44-million-euros","title":{"rendered":"Recovery plan in difficulty: TACV owes the bank 44 million euros"},"content":{"rendered":"

Africa-Press – Cape verde. <\/strong><\/span>TACV shareholders will be meeting in a General Meeting with the 2020 accounts and the 2023\/2027 business plan on the agenda, but there will be no analysis of the 2022-2023 Recovery and Stabilization Plan, which is very far from being fulfilled . TACV currently owes the bank 44 million euros.<\/p>\n

ATACV holds a General Meeting on the 3rd of May, with an agenda that excludes the mid-term analysis of the company’s 2022-2023 Recovery and Stabilization Plan, approved in December 2021.<\/p>\n

According to a well-placed source, this plan (2022-2023) is of \u201cquestionable feasibility and high risk and greatly burdens the country\u2019s public finances\u201d, and, therefore, its non-inclusion in the agenda of the 4th denotes that TACV administration shields itself from being confronted with the \u201cfailure\u201d of this recovery project.<\/p>\n

However, according to the agenda of that General Assembly, the accounts for 2020 will only now be approved. According to the Recovery and Stabilization Plan to which A NAC\u0327A\u0303O had access, TACV is heavily indebted and without relevant assets.<\/p>\n

Bank debt (long term) currently exceeds 44 million euros (PTE 4.8 million) and is growing, due to the capitalization of interest, caused by the moratorium on obligations arising from financing contracts.<\/p>\n

Short-term liabilities (passenger liabilities not included) exceed 20 million euros (PTE 2.2 billion). And the liabilities with passengers (tickets sold until March 19, 2020 and not used, due to the suspension of operations) account for around 10 million euros (PTE 1.1 million).<\/p>\n

For More News And Analysis About Cape verde<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Cape verde. TACV shareholders will be meeting in a General Meeting with the 2020 accounts and the 2023\/2027 business plan on the agenda, but there will be no analysis of the 2022-2023 Recovery and Stabilization Plan, which is very far from being fulfilled . TACV currently owes the bank 44 million euros. ATACV […]<\/p>\n","protected":false},"author":84,"featured_media":14814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,331,328],"class_list":["post-14815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-cape-verde","tag-cape-verde"],"yoast_head":"\nRecovery plan in difficulty: TACV owes the bank 44 million euros - Cape Verde<\/title>\n<meta name=\"description\" content=\"TACV shareholders will be meeting in a General Meeting with the 2020 accounts and the 2023\/2027 business plan on the age ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/recovery-plan-in-difficulty-tacv-owes-the-bank-44-million-euros\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Recovery plan in difficulty: TACV owes the bank 44 million euros - 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