Read the latest updates on the Antivirus Programme and Lex COVID.
The Ministry of Labour and Social Affairs (MLSA) updated its Antivirus Programme manual for employers. It describes in more detail the criteria for the entitlement of employers to aid through compensation of some wage expenses to employers.
The declaration of emergency, closures of borders and related measures can make it impossible for some business corporations to hold meetings of their bodies, unless such situations have been envisaged in their memorandum of association. However, the chamber of deputies is about to discuss Lex COVID, a bill which, among other things, should address this situation.
Applications for COVID II guaranteed loans are being accepted since Thursday, 2 April 2020. More detailed information on how to apply for this aid has also been published.
The government has approved a draft bill introducing, among other things, special measures to mitigate the insolvency law-related effects of the coronavirus pandemic. The objective of these measures is to avert the risks of mass insolvencies and to prevent the backlog of insolvency petitions in courts.
In cooperation with the Ministry of Industry and Trade and the Export Guarantee and Insurance Corporation (EGAP), the Ministry of Finance is preparing a programme to mitigate the impact of the coronavirus crisis on large export firms and manufacturers. The aim of the programme is to strengthen the liquidity of export-oriented enterprises