Most bills of exchange extended by 75 days

The deadlines of expiry, presentation and payment of bills of exchange at banks have been suspended by 75 days up to May 31. This measure, stemming from a legislative act issued by the Finance Ministry on Friday, concerns all enterprise-issuers included in the ministry's list of financial activities that have either suspended their operations following a state order or which are suffering significantly as a result of the coronavirus epidemic.

According to the legislative act, the suspension will also apply to corporations whose activities are suspended or which will enter the new list of damaged sectors as of next month. For those enterprises, the suspension will come into force the day after the publication of the new list of companies suffering due to the coronavirus.

The measure applies to all checks produced electronically by the issuers to the banks within three...