British Virgin Islands: Over 1000 Small Businesses To Receive Stimulus Grant

Submitted by siha on

Government of the Virgin Islands (15.09.2020) Over 1000 small businesses have qualified for the economic stimulus grant ranging from $1,592 to $7,955 and will begin to receive their cheques beginning this week. The Small Business Sector Grant Programme was established for the purpose of assisting Micro, Small, and Medium Enterprises (MSMEs)  affected by the COVID-19 pandemic, in meeting operational expenditure, while stimulating economic activity by facilitating the circulation of money within the Territory.

Regions / Country
british Virgin Islands
Topics
Cash transfers
Financing
COVID-19
Document Type

Benin: Coronavirus - Implementation of measures specific to the agricultural sector

Submitted by siha on

Government of the Republic of Benin (10.09.2020) The Council of Ministers took specific measures in the agricultural sector strongly affected by the effects of the COVID-19 pandemic.

Regions / Country
benin
Topics
Financing
Document Type

UK: What is Rishi Sunak's job support scheme and how will it work?

Submitted by pmassetti on

The Guardian (24.09.2020) The chancellor, Rishi Sunak, has announced a replacement for the coronavirus job retention scheme based on a German-style system of wage subsidies. Faced with the prospect of rising job losses this autumn when furlough closes at the end of October, and tougher restrictions on the economy as the pandemic worsens, the “job support scheme” forms the backbone of his winter economy plan. 
The government will contribute towards the wages of employees who are working fewer than normal hours, and will cover 22% of worker pay for six months.  

Regions / Country
united kingdom
Topics
Unemployment

Tags

Document Type

Public employment services: Digital channels improve access to employment support

Submitted by pmassetti on

ilo.org (26.08.2020) A new ILO policy brief shows how public employment services are using technology to increase the help available to people whose jobs have been affected by COVID-19.

Topics
Unemployment
E-services
Service delivery

Tags

Document Type

ILO: COVID-19 leads to massive labour income losses worldwide

Submitted by pmassetti on

ilo.org (23.09.2020) A new ILO analysis of the labour market impact of COVID-19 reveals a “massive” drop in labour income and a fiscal stimulus gap that threatens to increase inequality between richer and poorer countries.

Topics
Unemployment
Cash transfers

Tags

Document Type

Hungary: Social security relief for employers

Submitted by mmarquez on

KMPG (15 March 2020) Modified social security rules are to apply for the period of March-June 2020 for certain sectors—the hospitality and tourism sector; entertainment, film industry, and performing art sector; the sport services sector; the event organization sector; and the gambling section. The changes provide that employers in these sectors will not be liable to pay the employer part of social security contributions (17.5% + 1.5%) with respect to employment income paid to employees for the period March-June 2020.

Regions / Country
hungary
Global challenges
Topics
Health insurance
Contribution collection and compliance

Tags

Document Type

Hungary: Subsidy to employers for research and development employees

Submitted by mmarquez on

crowe.com (16.04.2020) As part of the economy recovery plan easing the economic issues caused by the COVID-19 outbreak, the Hungarian Government has announced an economy protection plan, with a focus on maintaining research and development jobs. The original regulation was amended by Government Decree 141/2020. (IV. 21.). The subsidy is available from the 16th of April.

Regions / Country
hungary
Global challenges
Topics
Employment

Tags

Document Type

Financing gaps in social protection: Global estimates and strategies for developing countries in light of the COVID-19 crisis and beyond

Submitted by pmassetti on

Ilo.org (17.09.2020) Closing the social protection coverage gap, worsened by COVID-19, will require additional sources of financing.

Topics
Financing

Tags

Document Type

Germany: German coalition agrees €10 billion extension of #Coronavirus relief

Submitted by mmarquez on

EU Reporter (27.08.2020) German coalition parties agreed on Tuesday (25 August) to extend measures to cushion the effects of the coronavirus crisis on Europe’s biggest economy at a cost of up to €10 billion, including prolonging a short-time work scheme and freezing insolvency rules, write Andreas Rinke, Holger Hansen and Madeline Chambers and Joseph Nasr in Berlin. 

Regions / Country
germany
Global challenges
Topics
Unemployment
Financing

Tags

Document Type