The European Commission has approved a Slovenian scheme of 22.8 million worth, to support companies in various sectors affected by the Covid-19 pandemic and taken measures to reduce the spread of the virus.
Public support in the form of direct grants will cover the costs corresponding to the salary compensation for annual leave of employees.
The action will benefit companies of all sizes active in the sectors most affected by the outage and restrictive measures due to the pandemic, such as tourism and entertainment. Financial, agricultural and aquaculture sectors will be excluded.
Companies that record at least a 20% drop in annual turnover this year compared to 2019 or 2020 will be eligible for financial aid.
According to the Commission the measures are in line with the conditions set out in the temporary state aid framework adopted for the pandemic. The aid does not exceed 1.8 million euro per beneficiary and will be granted by 31 December this year.
The Commission therefore considers the measures necessary, appropriate and proportionate; thus, consistent with the objective of remedying the serious disturbance in the economy of the Member State caused by the pandemic.
For additional information, please contact Ms. Elena Korovina, Accountant & Payroll Specialist at our Eurofast office in Ljubljana, Slovenia at email@example.com .
Eurofast is a regional business advisory organisation employing local advisors in over 23 cities in South East Europe & the Middle East (SEEME). The Organisation is uniquely positioned as one stop shop for investors and companies looking for professional services in Tax & Transfer Pricing – Payroll & Employment – Accounting & Audit – Advisory & Corporate.