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The turnover of a company wishing to receive state aid will have to decrease by 30% in the last six months compared to last year. or more, and at least 40% of companies in the sector as a whole will experience the same decline, said the Ministry of Economy and Innovation.
“The criteria are the starting point, although, of course, we will have to work with the social partners: business associations, preparing descriptions of measures, and with the Ministry of Finance, seeking funds to save the business,” said the Minister of Economy Sinkevičius rhymes.
The Ministries of Economy and Social Security and Labor will prepare a list of activities for which participating companies may benefit from support.
Finance Minister Vilius Šapoka said on Wednesday that companies that will suffer directly from the quarantine-related restrictions will be eligible for support. According to him, not only will the measures that existed during the first quarantine be applied, there may also be new support measures.
According to him, funds for business support are provided in the 5 billion approved in March. euro in the financial support plan. V. Šapoka predicted that support for the new quarantine could reach tens of millions of euros by the end of the year.
As previously announced, two measures are envisaged: subsidies and soft loans. Preliminarily, the first measure would require around 80 million. 30 million euros for the second. euros.
The Ministry of Economy and Innovation expects companies to receive support from December.
Deputy Economy Minister Jekaterina Rojaka told BNS last week that the subsidies would be distributed similarly to the small business subsidy program earlier this year: the State Tax Inspectorate (STI) will issue lists, send invitations and arrive to companies through the Ministry of Economy and the National Center for General Functions.
However, the new grant measure will no longer apply the company size criterion, which will be open to all affected and eligible companies.
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