Due to extreme circumstances, the governments of Estonia, Latvia and Lithuania have set out the packages of temporary, timely and targeted measures to support people and businesses through this period of disruption caused by COVID-19.
In order to alleviate the financial situation of the Baltic companies, the governments have adopted a number of measures. Only few to mention:
- In Estonia, calculation of interests on their tax arrears for the period of emergency is suspended;
- In Latvia, a list of sectors which have experienced a significant deterioration in their financial situation due to the spread of Covid-19 is approved;
- In Lithuania, subsidies for workplaces introduced.
Hopefully, these and other measures will be efficient for supporting economies in critical situations. But business itself has to act in accordance with the latest legal updates to ensure relevant measures have been taken to help the company to survive this crisis.
Taking into account huge demand of law-savvy decisions today, under current circumstances it is nearly impossible to follow all the daily changes in the legislative framework. Thus, the following is a Comparison summary, so called pan-Baltic checklist, of the principal measures and initiatives that the governments are implementing in response to the COVID-19 (Coronavirus) crisis [see attachment].
Comparison of Measures Taken in Lithuania, Latvia and Estonia is a united project of lawyers in Vilnius, Riga and Tallinn of the pan Baltic law alliance DERLING PRIMUS.