Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure LV-2020-49/1992 – measures in Latvia
|Country||Latvia , applies nationwide|
|Time period||Temporary, 01 December 2020 – 30 June 2021|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Kriss Karnitis (EPC) and Eurofound|
|Measure added||29 July 2021 (updated 04 August 2021)|
This is a support program for businesses affected by the COVID-19 crisis to compensate for the fall in rental income from the shopping centre it owns as a result of measures to curb the spread of the virus. The measure is suggested by the Ministry of Economics. The measure is introduced with the Regulations of the Cabinet of Ministers No. 229 “On support for COVID-19 crisis-affected shopping centres”.
The support, in the form of a one-off grant, will be granted to a COVID-19 crisis-affected entrepreneur to compensate for the loss of rental income of its shopping centre to cover operating costs (building-related payments, including electricity, water and heat, real estate rental, liability payments, including credit payments and outsourcing costs) from 1 December 2020 to 31 December 2021.
A shopping centre is considered to be a building which simultaneously meets all of the following characteristics:
The support is available to an entrepreneur who, as a result of the COVID-19 crisis, has a total drop in rentals turnover of at least 30% in a given sports centre in one of the following periods:
The support is one-time payment - €15 for each square meter of the total area indicated in the centre cadastral survey file, except for parking lots, the total amount of support not exceeding the amount of turnover decrease.
The state budget funding available under the support measure is €20 million.
24 shopping centres have applied for the support in total amount of €9.8 million.
|Does not apply to workers||
Sector specific set of companies
||Does not apply to citizens|
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Role||No involvement||No involvement|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
Social partners have not expressed views on the measure.
|Economic area||Sector (NACE level 2)|
|L - Real Estate Activities||L68 Real estate activities|
This case is not occupation-specific.
Eurofound (2021), Support for shopping centres to overcome the effects of the COVID-19 crisis, measure LV-2020-49/1992 (measures in Latvia), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/LV-2020-49_1992.html
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