Coalition approved measures totaling €1bn a month

30.03.2020

The coalition called on companies to avoid layoffs and adopted seven measures to support jobs: the state will reimburse 80% of wages to companies that were ordered to close due to the pandemic; it will provide €180-540 a month to sole traders and SMEs for every employee, based on their drop in sales (20-80%; a company can get €0.2m monthly at the most); bank guarantees totaling €500m a month; quarantined workers and those taking care of kids will get 55% of their gross wage; companies with over a 40% drop in sales will have their payroll levies and income tax advances deferred; and companies will be able to deduct their tax losses since 2014.

The government expects costs of €1bn a month in direct payments, plus the €500m bank guarantees, as it expects to cover wages of half of private sector’s employees. Affidavits will be used to declare a drop in sales. The government is also in talks with banks on deferring mortgage payments; no agreement has been reached yet. It plans to approve special measures for large companies.

Ex-Finance Minister Ivan Mikloš points out that time is of the essence. The government-approved measures are targeted, companies’ requests for assistance will be reviewed by the labor office ÚPSVR and companies won’t receive any money before April 15. ÚPSVR lacks the capacity to deal with tens of thousands of applications.

 

(etrend.sk)

Please reload

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

HB Reavis still active in London

04.06.2020

Developer HB Reavis (Ivan Chrenko) sold its fully-leased London office project 20 Farringdon Street to a private investor. This is the first transacti...

NBS pushes to cap financial brokers’ fees

04.06.2020

Financial brokers are pushing their clients towards greater risks when selling them mortgages, says the central bank NBS, which wants to re-open discu...

NBS chce obmedziť odmeny finančných sprostredkovateľov

04.06.2020

Finanční sprostredkovatelia tlačia ľudí pri úveroch na bývanie do vyššieho rizika, tvrdí centrálna banka NBS a chce opäť diskutovať o obmedzení ich od...

1/5
Please reload

Copyright  © 1994 - 2019    Symsite Research         All rights reserved.