banks slow down the development of agriculture

Photo: Reuters/Scanpix

The management of Baltic Agro Machinery, which sells tractors, combines and other agricultural equipment, believes that banks are the biggest obstacle to the development of both the agricultural, forestry and construction sectors in Estonia, reports Äripäev.

In the company’s annual report, the management of Baltic Agro Machinery notes that the willingness of banks to finance transactions has significantly decreased compared to previous years, while the processing time for applications has increased. In addition, despite the negative Euribor level, the interest rates offered by banks have grown.

Source: by

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