FILE PHOTO - An empty street with construction cranes is seen as the spread of the coronavirus disease continues, in Dublin, Ireland, April 25, 2020. Picture taken April 25, 2020. REUTERS/Clodagh Kilcoyne
DUBLIN - Ireland will allow firms impacted by the coronavirus crisis to warehouse tax liabilities for 12 months, offering a “lifeline” as part of an additional package of business supports that could reach 6.5 billion euros , the government announced on Saturday. Commercial rates will also be written off for three months, a 2 billion euro credit guarantee scheme will be introduced for small and medium sized businesses and Ireland’s sovereign wealth fund directed to make 2 billion euros of equity available for bigger companies, Finance Minister Paschal Donohoe said in a statement.
Ireland concentrated its initial 8 billion euro fiscal response on increased jobless payments and wage subsidies for affected employees, with 1 billion euros of liquidity supports offered directly to reeling firms.
Ireland voted the right representatives to their parliament...
Minutes that changed our lives...The meetings of the National Public Health Emergency Team.
I love when countries take responsibilities for their decisions.
I wonder how big is the aid package to Italy from EU Central bank?
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