Interventions for post-pandemic rebound
The government measures for when the economy emerges from the pandemic will target companies that have suffered as a result of the coronavirus and require some support to return to sustainability, rather than those that were already problematic before the crisis and don't have any long-term chances of survival.
In other words, the government doesn't want to help any zombie companies to stay in business, but only enterprises that can contribute toward the economy's growth in the long run. It intends to assist businesses that were forced to shutter due to the pandemic restrictions or suffered a great drop in turnover in 2020 through no fault of their own.
Government officials cite data from the General Commercial Register (GEMH) for the first 11 months of 2020 showing that fewer companies closed down for good than a year earlier (11,398 against 18,291) as they were able...
- Log in to post comments