Czech Republic: EC approves extension of wage subsidy schemes to support Czech companies affected by the pandemic (COVID-19)

Announcement

12 Jan 2021

In January 2021, the European Commission approved relevant amendments to Czech wage subsidy programs aimed to support enterprises affected by the COVID-19 outbreak and preserve employment. These include the introduction of a new state aid measure endowed with CZK 4.2 billion (approx. USD 195 million) and the extension of an existing aid scheme (see related state act).

Source

Number of interventions

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

12 Jan 2021

Revocation date:

30 Jun 2021

Updated: 12 Jan 2021

Financial grant

<p>On 12 January 2021, the European Commission approved the amendment of a previous Czech wage subsidy scheme that aimed to support enterprises affected by the COVID-19 outbreak and preserve emp...

Updated: 12 Jan 2021

Financial grant

<p>On 12 January 2021, the European Commission approved a CZK 4.2 billion (approx. USD 195 million) wage subsidy scheme to support enterprises directly affected by the COVID-19 emergenc...

Related State Acts

27 Jul 2020

Czech Republic: Introdution of wage subsidies to support companies affected by the pandemic (COVID-19)

19 Mar 2020

EU: Commission adopts state aid Temporary Framework to allow financial support schemes due to COVID-19 (extended until June 2022)

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