Support Measures Against Economic Instability

• Published date: 30 August 2021
• Subject Matter: Corporate/Commercial Law, Strategy, Coronavirus (COVID-19), Corporate and Company Law, Economic Analysis, Government Measures, Operational Impacts and Strategy
• Law Firm: Eurofast
• Author: Ms Elena Korovina

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...