The Government announced that it has debated a draft emergency ordinance discussed with business representatives to support the sectors most severely affected by the COVID-19 pandemic, namely tourism enterprises, accommodation and public catering structures, travel agencies, and the HoReCa field.
The Emergency Ordinance establishes state aid of 20% of the losses recorded by these companies in 2020, compared to the 2019 turnover.
This is a state aid scheme that is to be notified to the European Commission, and after the Commission’s approval, it will be adopted in its final form; the Emergency Ordinance is to be adopted in its final form and operationalized.
Additionally, the validity of holiday vouchers granted in 2019 and 2020 has been extended until December 31, 2021.
Frequently Asked Questions
What is the value of the state aid for HoReCa?The aid consists of 20% of the difference between the turnover recorded in 2019 and that of 2020.
When will the ordinance be implemented?The ordinance will be adopted in its final form and operationalized following approval from the European Commission.
What happens to unused holiday vouchers?The validity of holiday vouchers issued in 2019 and 2020 has been extended until December 31, 2021.