HK ČR: State must spend CZK 40bn to rescue economy

17. 3. 2020

The Chamber of Commerce (HK ČR) estimates that the state must prepare approximately CZK 40bn to save the domestic economy from collapse in the next three months.

(ČIA) The Chamber of Commerce (HK ČR) estimates that the state must prepare approximately CZK 40bn to save the domestic economy from collapse in the next three months. This is in addition to programs by the Czech-Moravian Guarantee and Development Bank (ČMZRB). According to HK ČR, the government will have to transfer as much money as possible to wages, levies and overhead expenses. Self-employed persons and companies with a small number of employees demand that the state postpones their compulsory payments, interest and late payment penalties. Large companies, on the other hand, need compensation for paying out employee compensation.