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State Financial Support Related To Coronavirus - Coronavirus (COVID-19)

Home goods stores and hardware stores and more. The condition is also a decrease in sales by 50 % The amount of support is 50% of the total rent for the period from July to September 2020 The aid will not be conditional on a mandatory rent reduction by the landlord (as has been the case so far) The subsidy will be paid back after payment of the rent to the landlord The support is provided up to a maximum of CZK 10 million per tenant The state has set aside CZK 3 billion to support rent More about COVID - Rent may be found here. Extension of the content of the

State aid: Commission approves €11 6 million Czech scheme to support travel agencies in context of coronavirus outbreak | EU Commission Press

2 days ago The European Commission has approved a €11.6 million Czech scheme to support businesses active in the travel services sector in the context of the coronavirus outbreak. The measure was approved under the State Aid Temporary Framework. The public support will take the form of bank guarantees, securing these beneficiaries’ co-participation under a compulsory insurance against bankruptcy. Guarantees will be issued by Czechia’s promotional bank, the Czech-Moravian Guarantee and Development Bank, on behalf of the Ministry of Industry and Trade. The support will help beneficiaries that are facing a lack of liquidity to obtain such an insurance, allowing them to continue their activities during and after the outbreak. The Commission found that the Czech scheme is in line with the conditions set out in the Temporary Framework. In particular, the aid (i) will not exceed the maximum amount per company provided by the Temporary Framework; and (ii) will be granted no later tha

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