COVID-19

Mega COVID-19 Law Adopted by Slovenian Parliament

On 2 April 2020 the Slovenian Parliament adopted the Act on Intervention Measures for Suppression of COVID-19 Epidemic and Mitigation of its Consequences for Citizens and the Economy .

COVID-19 Related Payment Moratoria on Bank Loans in Southeast Europe

Governments and central banks around the world are imposing various emergency measures and taking actions to support the economy, the business and households in this emergency situation.One of the measures some governments adopt is a payment moratorium on bank loans.

Proposal for Act on intervention measures for suppresion of COVID-19 epidemic and mitigation of its consequences for citizens and the economy

On 28 March 2020 the Slovenian government adopted a proposal of the Act on Intervention Measures for Suppression of COVID-19 Epidemic and Mitigation of its Consequences for Citizens and the Economy. Among others, the Intervention Law foresees various measures for the economy.

Certificates for Emergency Situations

The awaited regulation by the Ministry of Economy, Energy and Business Environment on issuance of the Certificate for emergency situations (“CES”) has been adopted through Order 791/2020 relating to the granting of emergency certificates to the economic operators whose activity is affected in the context of SARS-CoV-2 pandemic published on 25 March 2020

Covid-19 and EU State Aid Developments: The European Commission Shows Quick Reflexes in its Effort to Alleviate the Economic Impact of the Pandemic th...

When the effects of the pandemic first became apparent, it also became clear that the European Commission would need to put forward all available tools to support the EU’s economy. In this context, the President of the European Commission, Ursula von der Leyen, stated on 10 March 2020, amongst others, that the Commission would “make sure that state aid can flow to companies that need it”.

To-The-Rescue: Mega COVID-19 Law Proposal

On 24 March 2020 the Slovenian Government presented the main features of the so-called Mega COVID-19 Law that addresses instant help to the economy and the general population.

Turkey: Economic Stability Shield

On 18 March 2020, President Recep Tayyip Erdogan chaired a meeting with the ministers, bankers, business leaders and representatives of other governmental and non-governmental institutions, to discuss COVID-19 pandemic’s effects in Turkey. Following the meeting, President Erdogan has unveiled the “Economic Stability Shield”, a TRL 100 billion plan (approximately EUR 14 million), to mitigate the impacts of COVID-19 pandemic in Turkey. KDK will provide further details, once the Turkish government enacts relevant regulations. The Economic Stability Shield includes the following: Payment of…

State Aid in the Time of COVID-19 Crisis

In the face of the COVID-19 pandemic, a number of European countries are taking extraordinary measures in an effort to slow down the spread of infection and cope with the toll that the epidemic is taking on the healthcare sector and economy in general. In addition to being a serious threat to life and health for a large number of people, COVID-19 is hurting the economy through severe disruptions of production, financial markets, supply chains, and workforces.

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State Aid in the Time of COVID-19 Crisis

In the face of the COVID-19 pandemic, a number of European countries are taking extraordinary measures in an effort to slow down the spread of infection and cope with the toll that the epidemic is taking on the healthcare sector and economy in general. In addition to being a serious threat to life and health for a large number of people, COVID-19 is hurting the economy through severe disruptions of production, financial markets, supply chains, and workforces.