Government Support Measures
The Governments of Estonia, Latvia and Lithuania and Belarus are supporting businesses with packages of economic measures: wage subsidies, loans and loan guarantees, tax incentives, rent releases and other benefits. Read about them here.
The Baltics
-
COVID-19 related financial and insolvency measures in European countries
A multijurisdictional overview for the central European, southern European and Baltic countries The COVID-19 pandemic has, and will have, an unprecedented impact on the economy of all countries across the globe. Many governments and banks have introduced extraordinary measures to moderate the financial and economic impacts of the pandemic and inevitable domino effect of credit […]
Estonia
-
Buzz in Estonia: CEE Legal Matters Interview with Kaupo Lepasepp
CEE Legal Matters interviewed our partner Kaupo Lepasepp to discuss the current democratic situation in Estonia, recent legislation passed and the effect COVID-19 has had on the legal market. “Overall, Estonia is doing great as a democracy, with a solid rule of law and dedication to the EU and international cooperation,” says Kaupo. While most […]
-
COVID-19 related financial measures in Estonia
All three Baltic governments have set in place financial measures to help companies out of the crisis. The Estonian government adopted a short-term economic support package on 19 March 2020. In addition, new crisis measures were set in place in a supplementary budget for 2020 which was approved by the government on 28 April (subject to […]
-
COVID-19 related financial and insolvency measures in European countries
A multijurisdictional overview for the central European, southern European and Baltic countries The COVID-19 pandemic has, and will have, an unprecedented impact on the economy of all countries across the globe. Many governments and banks have introduced extraordinary measures to moderate the financial and economic impacts of the pandemic and inevitable domino effect of credit […]
-
Emergency situation in Estonia: Key information for businesses
A nationwide emergency was declared in Estonia on 12th March due to the worldwide Coronavirus COVID-19 pandemic and the threat of mass infection. The emergency situation stays effective from 12 March until 1 May 2020 unless decided otherwise by the Government. The Sorainen COVID-19 Task Force is at your disposal, should you need advice on […]
-
Estonian Government working on measures to support companies affected by the COVID-19 state of emergency
As of 03 April 2020 State resources are directed to supporting companies through the KredEx Foundation and the Estonian Rural Development Foundation. The package also includes labour market support from the Estonian Unemployment Insurance Fund, sickness benefits and tax incentives. The package allows for temporary suspension of second pillar pension scheme payments, as well as […]
Latvia
-
Latvia: New responsibilities for employers
As of 19.11.2020, employers must establish the contact persons of a person infected with Covid-19 in the workplace. According to Cabinet of Ministers order no. 655 of 06.11.2020 “On the declaration of a state of emergency” from 06.11.2020 employers must appoint a responsible person for limiting the spread of Covid-19 in the workplace. According to […]
-
Government support in Latvia to companies suffering from the Covid-19 outbreak
While Covid-19 restrictions continue, the government has decided on support measures to companies suffering from Covid-19. The government has approved the following support measures: Compensation for working capital turnover This support will be available to taxpayers, micro-, small and medium companies, as well as large companies (performers of economic activity) registered at the State Revenue […]
-
Emergency situation announced in Latvia
From 9 November 2020 to 6 December 2020, an emergency situation will be in force in Latvia, with the right to extend or shorten it. An emergency situation is a special legal regime during which the government has the right to restrict the rights and freedoms of state administration and local government institutions, natural and legal persons […]
Lithuania
-
COVID-19 related financial and insolvency measures in European countries
A multijurisdictional overview for the central European, southern European and Baltic countries The COVID-19 pandemic has, and will have, an unprecedented impact on the economy of all countries across the globe. Many governments and banks have introduced extraordinary measures to moderate the financial and economic impacts of the pandemic and inevitable domino effect of credit […]
-
COVID-19 related state support to businesses: financial measures in Lithuania
In Lithuania, state funds are being channelled to support businesses through the Lithuanian state company INVEGA, which has announced a list of measures in three main areas. Guarantees Portfolio guarantees for loans 2 (PGP2) and leasing 2, and export credit Available to small, medium-sized and large enterprises, if one of the following conditions is met: […]
-
Support to employers during the quarantine period in Lithuania: new rules concerning payment of subsidies
Updated on 21 April 2020 Additional conditions for declaring idle time On 8 April 2020 amendments to the Labour Code regulating idle time due to the state of emergency and quarantine came into effect. For this reason, in order to declare idle time additional conditions will apply from now on: due to the nature of […]
-
Quarantine in Lithuania: key information for business
Updated on 21 April 2020 A nationwide quarantine has been announced in Lithuania, effective 16 March until 11 May 2020. It is possible that the quarantine may be extended for a longer period. There are no exemptions for individual territorial units. Non-compliance can result in liability for both natural and legal persons. The Government resolution […]
-
Support to employers and employees during the quarantine period in Lithuania
Updated on 21 April 2020 Subsidies on wages paid during idle time Subsidies will be paid to employers who declare idle time because they cannot provide employees with agreed work due to the state of emergency and quarantine, and due to the work organisation there is no possibility to work remotely or the employee does […]
-
State support measures for businesses affected by COVID-19 in Lithuania
INVEGA has announced a list of new or improved measures aimed at distributing state support to business. This package of measures will help companies address the liquidity and financial challenges posed by COVID-19. More than EUR 1.1 billion will be distributed through these measures. “Vacation” from business loans: Improved measure The improved measure will be […]
Belarus
-
All measures adopted in Belarus in response to COVID-19 as of 30.04.2020 (in Russian)
Table with all measures
-
COVID-19 Economic Response in Belarus
The Belarusian government is not rushing with adopting measures to combat the Coronavirus: as of today, the borders are open, Belarus is not on lockdown, and not even an individual quarantine policy for educational establishments has been introduced. Recognition of the impact of the Coronavirus on Belarusians began with the Ministry of Healthcare adding COVID-19 […]
-
Public procurement measures taken by the Belarusian Government
The package adopted by the Belarusian Government on 31 March 2020 in connection with the consequences of COVID-19 included measures aimed at regulating legal aspects in the field of public procurement. Under the general rule,[1] the parties to a public procurement contract cannot change the following terms of the contract: the subject of public procurement […]
