Czech Government Ready to Help Companies. “We Will Pay a Third of the Rent”

“The Czech state is ready to pay at least a third of the rent to companies and entrepreneurs who had to close their businesses from March 12 (when the state of emergency was declared), to the end of June. One-third of the rent should be paid by the tenant, one third by the landlord and one third by the state,” said Prime Minister Andrej Babiš to the server.

The government should discuss the details of this new proposal next week, but no later than May 11.

“We are doing our best to help companies. We will extend the kurzarbeit program and come up with a proposal to postpone social security payments,” added Babiš.

If the state participates in paying the rent for a third, it would cost about 3 billion CZK. “We can help shopping centers, thousands of pubs, small shops, and hairdressers, whose landlords agree to forgive a third of the rent,” said Babiš.

Previously, the Czech government agreed to allow companies to defer payments for social security and health insurance for the months of May, June, and July.

It’s a move designed to allow companies to concentrate their available cash on covering their wage bill that many managers said would be more useful than the complicated process of applying for low-interest loans from the state.

From May 11, ninth-graders students will return to school, cinemas, and theaters, can reopen. Minister of Health added that there will be strict rules for visitors, such as a safe distance between them.

Sports and cultural events (up to 100 people) will be able to take place again. The rule will also applies to weddings and church services.

Since March, the coronavirus has been confirmed in 7,740 cases. To date, 3,378 people have recovered from Covid-19, while 241 patients have died.


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