It will be easier to get salary subsidies

24-05-2011

The act of 29 October 2010 has come into force which changes the Act on Mitigating Consequences of Economic Crisis for Employees and Entrepreneurs and which is to make salary subsidies more easily available for entrepreneurs.

An enterprise which intends to take advantage of such aid will have to prove a decrease in its business turnover by at least 15% in any three subsequent months after 1 July 2008. The aid on such conditions will be paid out only after the European Commission gives its positive opinion that such support is compliant with the community’s market. Until now a decrease of at least 25% has had to be proved.

Source: Peter Nielsen and Partners Law Office

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