Default interest rates for the first semester of 2021 were set

On February 4, 2021, Notice No. 2239/2021 of the Directorate General of Treasury and Finance was published, setting the default interest rates for the first semester of 2021, as follows:

1. With regard to credits held by commercial companies, whether individuals or legal entities, under the terms of paragraph 3 of Article 102 of the Commercial Code, at 7%;
2. The subsidiary interest rate on arrears for credits held by commercial companies, whether individuals or legal entities e, under the terms of paragraph 5 of Article 102 of the Commercial Code and Decree-Law No. 62/2013 of May 10, at 8 %;

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