PIMECO, the small and medium size businesses association had to bear the effects of the credit squeeze. It will now be making an application to the government to request credit on approving terms to reduce the effect.
PIMECO has listed a range of ways in which the government can support small commercial units. Yesterday, PIMECO said that it has chosen this moment to make the request to the ministry for Commerce and Industry as the Balearic government is drafting its budget for the next year.
In an official publication, PIMECO has warned all of its members that over that past few months, the economic indicators of the region show that it is suffering due to the world-wide credit crunch.
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