Financial crisis

Réunion: Regional rebound fund

Submitted by siha on Mon, 07/27/2020 - 17:13

Réunion region (02.07.2020)With the objective of strengthening the cash flow of SMEs affected by the crisis, in the amount of € 30K to € 300K, this aid takes the form of a zero-interest loan and is open to SMEs potentially created for more than a year (with at least 1 balance sheet) This fund allows SMEs to have facilities and the possibility of seeing coming with:  2 years deferred repayment, 0% interest rate, and  No administration fees.

Regions / Country
Réunion
Global challenges
Topics
COVID-19
Financial crisis
Document Type

Guadeloupe: COVID-19 region: TPE regional emergency fund

Submitted by siha on Mon, 07/27/2020 - 15:23

REGIONAL COUNCIL OF GUADELOUPE (22.04.2020) This system takes the form of a refundable advance, without guarantee and at zero rate for an amount between 3,000 and 15,000 € per company, corresponding to 12.5% ​​of the turnover achieved in 2018, and for newly created companies , 12.5% ​​of the turnover achieved since the start of the activity, without exceeding 1 year. This advance will be repayable over a period of 5 years with a grace period of two years. This aid applies to companies with a maximum annual turnover of € 180,000.

Regions / Country
Guadeloupe
Global challenges
Topics
Employment
Shocks & extreme events
Financial crisis
Document Type

Costa Rica: Employers may request extension of the term of contract suspensions

Submitted by siha on Fri, 07/24/2020 - 11:36

Minister of Labor and Social Security (15.06.2020) The Minister of Labor and Social Security signed a directive that allows employers to request an extension of the measure to suspend their employment contracts due to the pandemic by COVID-19. The MTSS-DMT-CIR-5-2020 directive allows employers to request the extension of the initial period of three months for up to an additional equal period, as long as the impact on the economic turn of companies is maintained.

Regions / Country
costa rica
Topics
Employment
COVID-19
Financial crisis
Document Type

Kosovo: Early payment of pension and social schemes in time if crisis

Submitted by siha on Thu, 05/28/2020 - 16:28

 Ministry of Finance and Transfers (21.05.2020)  The Kosovo Treasury has executed the payment of all pension and social schemes for over 310 thousand beneficiaries, a few days before the regular time, due to the pandemic situation and in respect of the official holiday of the Great Eid.

Regions / Country
kosovo
Global challenges
Topics
Old-age pensions
Financial crisis

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France: Commission des affaires sociales : audition consacrée au suivi des mesures d'urgence prises dans le cadre de la lutte contre la pandémie de Covid-19.

Submitted by gfilhon on Mon, 05/18/2020 - 12:20

senat.fr (29.04.2020) Compte rendu de l'audition du directeur de l'Agence Centrale des Organismes de Sécurité Sociale (ACOSS, agence nationale du recouvrement des cotisations) sur le chiffrage des mesures d'accompagnement par la Sécurité sociale de la crise du Coronavirus.

Regions / Country
Europe
france
Global challenges
Topics
Contribution collection and compliance
Financing
Financial crisis
Document Type

Hungary: Social security contribution exemption/reduction in response to COVID-19 - KPMG Global

Submitted by siha on Wed, 05/13/2020 - 10:55

KPMG Global (04.05.2020) Modified social security contribution rules shall be applied for the period of March-June 2020 to the specified sectors (Hospitality and tourism; Entertainment, film industry, performing arts; Sports services; Event organization; Gambling).

Regions / Country
hungary
Global challenges
Topics
Financial crisis
Document Type

China: Social security contributions reduced in response to COVID-19 - Willis Towers Watson

Submitted by siha on Tue, 05/12/2020 - 09:14

Willis Towers Watson (18.03.2020) Employer social security contributions for retirement pensions, workers compensation, unemployment and health (including maternity) benefits are reduced. The extent and duration of the measures depend on the province, autonomous region or municipality, and size of the employer’s workforce.
For retirement pensions, workers compensation and unemployment benefits:

Regions / Country
china
Global challenges
Topics
Financial crisis
Document Type

LeFrance: Covid-19 met la Sécu à genoux avec un trou d’au moins 41 milliards d’euros

Submitted by gfilhon on Wed, 05/06/2020 - 10:12

leparisien.fr (22.04.2020) Auditionné par la commission des Affaires sociales du Sénat, le ministre des Comptes publics a souligné d'emblée « le caractère exceptionnel et changeant » de ses prévisions budgétaires. Le cru 2019, meilleur que prévu avec tout de même une perte de 1,9 milliard d'euros, « nous paraît loin aujourd'hui », tant le millésime 2020 est parti pour pulvériser tous les records.

Regions / Country
france
Topics
Actuarial
Governance and administration
Financing
Programme & evaluation
Financial crisis

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Bangladesh: PM unveils massive stimulus package to counter adverse effects of coronavirus - The Hindu BusinessLine

Submitted by siha on Wed, 04/29/2020 - 09:06

BusinessLine (05.04.2020) Bangladesh Prime Minister Sheikh Hasina on Sunday announced stimulus packages to the tune of Taka 72,750 crore (USD 8,573 million) to counter the adverse effects of coronavirus on the country’s economy.

Regions / Country
bangladesh
Topics
Employment
Financial crisis
Document Type

Taiwan: The Ministry of Labor helps enterprises and workers "charge and re-start".

Submitted by siha on Mon, 04/27/2020 - 14:56

The Ministry of Labor (21.04.2020) In order to assist enterprises and workers affected by the COVID-19, the Ministry of Labor has expanded the "Charge Restart Training Program" since February 21st, subsidizing companies with training costs of up to 3.5 million yuan. The Ministry encourages enterprises to use this period to provide training with their employees . Workers participating in training courses can also receive a training allowance of RMB 158 per hour, with a maximum of 120 hours per month, and a maximum of RMB 18,960 per month.

 

Regions / Country
Taiwan, China
Topics
Employment
Human resource management
Financial crisis
Document Type