Middle East war puts pressure on economy and entrepreneurs

The economic effects are particularly large for entrepreneurs who are heavily dependent on fuel, such as the transport sector and parts of industry. What makes their situation especially vulnerable is that they often have to pay fuel costs within five days. While passing on to customers only takes about five weeks. As a result, SMEs in particular need more money. "Set up a public fund for loans to companies that are facing liquidity problems due to sharply increased fuel costs, because they cannot pass on the costs."

Level playing field

VNO-NCW also notes a decrease in bunker fuels abroad for aviation and shipping. This is causing supply problems to the Netherlands. "The Ministry of Economic Affairs and Climate Policy should therefore develop clear plans for the release of fuels through the COVA. responsible for Dutch strategic oil stocks," VNO-NCW said. The trade association also calls on the government to provide an overview of measures taken by other EU member states to ensure a level playing field for the internal market.

Measures from the corona period

In addition, VNO-NCW argues for measures from the corona period to be reintroduced, such as postponement of payments of wage tax and VAT for hard-hit sectors. And to better support the cost increases in public procurement (similar to the Oekraïneprotocol), in order to be able to distribute the costs fairly.

Extra danger

Due to the war and the increased risks, premiums or coverage for sea transport are changing. The basic insurance covers a lot, but in the event of additional danger, insurers sometimes ask for an extra premium surcharge or adjust the coverage area and/or policy conditions. The insurance brokers can share information with insurers about the situation on site and together determine the best feasible approach for the customer, for example through a temporary extension or adapted coverage. Finally, VNO-NCW wants to know what signals the government is receiving about supplies along international shipping routes.
The crisis shows the vulnerability of energy and raw material chains and means that the government must accelerate the implementation of the sustainability plans and the plans for strategic autonomy.