ICLG.com Briefing (05.05.2020) Decision No. 01/19, dated 30/03/2020 (“Decision”), approved by the Government of Republic of Kosovo, has enacted the Emergency Fiscal Package.
Financial support for business organisation under financial distress due to the downfall of their business activity that resulted from the public health emergency situation, as follows:
Covering of the value of pension contributions with regard to the measures foreseen under this Decision for April and May, amounting to eight million (€8,000,000.00) Euros.
Covering of the value of pension contributions with regard to the measures foreseen under this Decision for April and May, amounting to eight million (€8,000,000.00) Euros.
Decision No. 01/19, dated 30/03/2020 (“Decision”), approved by the Government of Republic of Kosovo, has enacted the Emergency Fiscal Package, with purpose of financial support for the business organizations, employees and individuals that are facing financial difficulties due to the public health emergency as consequence of Virus COVID – 19
Financial support for business organisation under financial distress due to the downfall of their business activity that resulted from the public health emergency situation, as follows:
- Covering of expenditures for the monthly salaries in the amount of one hundred seventy (€170) Euros for April and May, a measure amounting to forty-one million (€41,000,000.00) Euros;
- Rent subsidy up to fifty percent (50%) of the rent value for small and medium enterprises for April and May, a measure amounting to twelve million (€12,000,000.00) Euros; and
- Covering of the value of pension contributions with regard to the measures foreseen under this Decision for April and May, amounting to eight million (€8,000,000.00) Euros