Czech businesses say government aid “too little, too late”
Photo by Jirsak / Shutterstock.com
Many Czech firms and businesses hit by the coronavirus restrictions claim that the government’s support programs have left them out in the cold or that the financial aid has been late in coming, reported the Czech Radio.
Photo by Jirsak / Shutterstock.com
In the first wave, the Czech-Moravian Guarantee and Development Bank received 3,200 applications for state support, but according to the bank, less than 200 companies will receive help. The others have been told they do not fulfill the stated conditions for aid.
The Ministry of Industry and Trade is already preparing a third aid program for entrepreneurs, but just days ahead of its launch companies still do not know the exact conditions for aid within what is known as COVID III, according to Czech Radio.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
.jpg)
