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Businesses ask for extending state aid in Covid crisis

(LTV Ziņu dienesta korespondents) June was the last month when entrepreneurs could receive Covid-19-related aid. The catering, tourism and fitness sectors are of the opinion that the existing restrictions are still preventing full work, and therefore the State should continue its Covid-19 support programs, Latvian Television reported July 8. The Ministry of Economy is offering to continue to pay Covid-19 support for individual industries subject to restrictions. It is no longer planned to pay the downtime benefits, but it is proposed to issue grants and salary supplements for the drop in turnover by the end of August. It would cost the state budget €60 million. The ministry also believes that Covid-19 benefits could be replaced by a reduction in value-added tax (VAT) to 9% for affected industries for two years.

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