San Marino. Organized tourism, the CTO appeals to the Regents to save the sector
The CTO San Marino “Organized Tourism Committee” today sent to the excellent Captains Regent Francesco Mussoni and Giacomo Simoncini, a letter containing a strong request for urgent intervention to save organized tourism, the committee asks the guarantee body to intercede between politics and government, to save a sector that has been left to itself in the indifference of the institutions.
Today we are in a completely different context from what it perceives from politics, which risk from an excess of positivity that risk compromising the recovery prospects of the sector and that this will seriously weigh on the economy of the Republic of Titano.
The CTO San Marino points out that in the face of an emergency like the current one, it is essential to go beyond the schemes of the past and have a vision capacity that allows to concentrate the efforts, not only of the companies and their respective entrepreneurs made up to now, c ‘there is a need for a strong injection of liquidity from the state to the sector to enable the common goal of recovery to be achieved.
CTO San Marino notes that credit has assumed and assumes a crucial role, in the most acute phases of the crisis, to ensure the necessary liquidity to companies, deprived of their income (for over 2 years) or in any case hit by massive shocks both on the side of demand as much as from that of the supply of productive factors. Equally essential, if not more so, credit support in the next phase (the restart), will be for companies in the path of restoring the economic conditions of their businesses, in conditions of uncertainty such as those we are looking for.
living and which are likely to last for a long time, especially after what is happening between Russia and Ukraine.
The CTO San Marino shared that in the first phase of the pandemic the institutions implemented a series of small but useful measures to tackle the health emergency first of all.
100%, in order to prevent situations of temporary difficulty of companies from turning into irreversible crises as a result of the automatisms incorporated in some regulations and in a restriction of the offer of deadly credit in the current context.
It is necessary to proceed immediately with some temporary changes and adaptations, which allow banks to offer maximum support to the organized tourism economy when this is the condition for the stability of the economic fabric, given the slowness that there will be a restart of the entire sector after all the events, especially those of the last few days.
The exceptional severity of the crisis requires us to intervene promptly and pragmatically, activating all the necessary tools to limit the economic and social consequences. The problems cited and proposed, the proposals shared several times by CTO San Marino to politics and the government, were illustrated in an attachment to the letter sent to the Regents with the request for an imminent meeting.