Leave and self-isolation support:Available to support people financially if they need to self-isolate, cannot work because they are sick with COVID-19, or cannot work because they are caring for dependents who are required to self-isolate or who are sick with COVID-19. The payments will be...
vulnerabletoliquidityriskduringtheCOVID-19shock.Evenintheminorityof countriesthatextendedguaranteestolargefirms,themaintargetremainedsmall firms.Thelatterhadeasierandfasterproceduresforapplyingforloans,andinmost casesthebanksreceivedhigherlevelsofprotectionforsmallbusinessloans.Inabout halfofthecountryresponses(8outof17...
Among these supporting schemes, COVID-19 based special loan is the most important government-supporting scheme followed by the suspension of interest and principal payments. However, the exemption of tax payments and withdrawal of restricted funds were not significant....
NewsBusiness and OperationsFinancePremises Ottawa – The Canada Emergency Commercial Rent Assistance for small businesses will be extended by one month to help eligible small businesses in all provinces and territories pay rent for September. Current CECRA application deadlines will also be extended to ...
Penalties are temporarily removed for service providers incurring delays in performing federal public contracts, if these delays are due to COVID-19. Follow the latest measures undertaken by the Belgian governmenthere. Austria The government will provide credit guarantees and bridging loans, defer t...
The report also detailed problems with the paycheck protection program, a small business COVID-19 relief measure that Republicans strongly advocated for. That program allowed small businesses to receive federal loans that would be forgiven if at least 60% of the borrowed funds were used to...
We boosted the credit supply to industries and enterprises severely affected by Covid-19. We continued policies for micro and small businesses to defer principal and interest repayments on loans and take out more collater...
France, for example, has suspended water, gas, electricity, and rent bills, as well as tax and social-contributions payments for small businesses affected heavily by the COVID-19 crisis. Malaysia has provided a 15 percent discount on monthly electricity bills for hotels, tra...
FILE PHOTO: Demonstrators attend a rally of entrepreneurs and representatives of small businesses to demand governmental support and to protest against restrictive measures introduced to curb the spread of the coronavirus disease (COVID-19) in Kyiv, Ukraine March 22, 2021. REUTERS/Gleb...
Ray Padrón hesitated when deciding whether or not to take up the federal government-backed loan aimed at helping small businesses retain staff, as Covid-19 caused large parts of the economy to shut down. “Frankly, we gave it a lot of thought because we didn’t know how far and how lo...