Terms of rent reimbursement approved
The government approved conditions for reimbursement of a part of rent to stores and restaurants that had to close during the pandemic. It will reimburse the same share of rent that landlords will forgive, up to 50%. It hopes landlords will provide 50% discounts and stores won’t have to pay anything. It expects costs of €200m. If the discount is below 50%, the remaining rent is due over four years.