Legal provisions of COM(2020)468 - Proposal to grant temporary support under Council Regulation 2020/672 to Latvia to mitigate unemployment risks in an emergency situation following the COVID-19 outbreak - Main contents
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| dossier | COM(2020)468 - Proposal to grant temporary support under Council Regulation 2020/672 to Latvia to mitigate unemployment risks in an ... |
|---|---|
| document | COM(2020)468  |
| date | September 25, 2020 |
Article 1
Article 2
2. The availability period for financial assistance granted by this Decision shall be 18 months starting from the first day after this Decision has taken effect.
3. The Union financial assistance shall be made available by the Commission to Latvia in a maximum of eight instalments. An instalment may be disbursed in one or several tranches. The maturities of the tranches under the first instalment may be longer than the maximum average maturity referred to in paragraph 1. In such cases, the maturities of further tranches shall be set so that the maximum average maturity referred to in paragraph 1 is respected once all instalments have been disbursed.
4. The first instalment shall be released subject to the entry into force of the loan agreement provided for in Article 8(2) of Regulation (EU) 2020/672.
5. Latvia shall pay the cost of the funding of the Union referred to in Article 4 of Regulation (EU) 2020/672 for each instalment plus any fees, costs and expenses of the Union resulting from any funding related to the loan granted under paragraph 1 of this Article.
6. The Commission shall decide on the size and release of instalments, as well as on the size of the tranches.
Article 3
| (a) | the scheme for the compensation of idle time for workers, as provided for in ‘Cabinet Regulations No 179 (Adopted 31 March 2020) “Regulations Regarding the Allowance for Idle Time for the Self-employed Persons Affected by the Spread of COVID-19” and No 165 (Adopted 26 March 2020) “Regulations Regarding the Employers Affected by the Crisis Caused by COVID-19 which are Eligible for the Allowance for Idle Time and Division of the Payment for Late Tax Payments in Instalments or Deferral Thereof for up to Three Years”’; |
| (b) | the downtime allowance, as provided for on the basis of ‘Cabinet Regulation No 236 “Regulations Regarding the Assistance Allowance for Idle Time for Employed or Self‐employed Persons Who have been Affected by the Spread of COVID-19”’; |
| (c) | the workers’ bonus for children, as provided for in ‘Cabinet Order No 178 “On the Allocation of Financial Resources to the State Budget Program ‘Funds for National emergencies’”’; |
| (d) | the scheme for wage subsidies for the tourism and export industries, as provided for in ‘Information report on measures to overcome the Covid-19 crisis and economic recovery’; |
| (e) | wage support payments for medical professionals and those employed by the cultural industry, as provided for in the ‘Law On Measures for the Prevention and Suppression of Threat to the State and Its Consequences Due to the Spread of COVID-19’, the ‘Law on the Suppression of Consequences of the Spread of COVID-19 Infection’ and ‘Cabinet Order No 303 “On the Allocation of Financial Resources from the State Budget Program ‘Contingency Funds’”’, respectively; |
| (f) | health related expenditure on protective personal equipment, as provided for in ‘Cabinet Orders No 79, 118 and 220 “On Allocation of Financial Resources from the State Budget Program ‘funds for emergencies’”’; |
| (g) | COVID-19 related sickness benefits, as provided for in ‘09.06.2020. Cabinet Regulation No 380 from June 9, 2020“Regulations on the resources for ensuring epidemiological safety necessary for institutions included in the list of priority institutions and needs”’. |
Article 4
Article 5
This Decision shall take effect on the date of its notification to the addressee.