PRAGUE, Aug 24 (Reuters) – The Czech authorities has prolonged its job help programme for coronavirus-hit corporations till the tip of October, Labour Minister Jana Malacova mentioned on Monday.
The job furloughing scheme, along with direct compensation funds to the self-employed, signify the 2 largest chunks of the federal government’s effort to assist the financial system hit by the worldwide pandemic.
“(The federal government’s scheme) Antivirus (was) accepted till the tip of October,” Malacova mentioned on her Twitter account.
Within the two important legs of the Antivirus programme, the Labour Ministry has paid out 17.three billion crowns ($785.72 million) as of Aug. 24, knowledge on the ministry’s web site confirmed.
“There are nonetheless corporations which need assistance. However nothing lasts perpetually and we’re primarily fine-tuning a everlasting kurzarbeit to assist in a disaster at any time when wanted. Like there may be in Germany,” Malacova mentioned.
Beneath the Czechs’ kurzarbeit scheme, corporations get compensated for a part of their employees’ salaries, enabling them to scale back the workload with a purpose to save funds in the course of the disaster.
A everlasting programme could possibly be carried out as of subsequent 12 months, Malacova instructed CTK information company.
The Czech financial system is predicted to shrink by 8% this 12 months, in keeping with central financial institution forecasts. The principle hit got here within the second quarter, when the financial system floor practically to a halt below one among Europe’s strictest lockdowns. ($1 = 22.0180 Czech crowns) (Reporting by Robert Muller; Enhancing by Alex Richardson)