IndustryMin: Program COVID – Rent waiting for EU notification

Published: 23.05.2020 Related countries:  South Africa South Africa

IndustryMin: Program COVID – Rent waiting for EU notification

New subsidy program COVID – Rent prepared by the Ministry of Industry and Trade of the Czech Republic has been deliberated by the government and it must now be notified by the European Commission. This was stated by the Industry Ministry, which said that the program will then be called without delay. The essence of the program is participation. The landlord will offer a 30% discount off rent, the tenant will pay 20 % and the state will contribute 50 %. The program should pertain to rent for 2Q. The state contribution should reach up to CZK 5bn.