Finland defines new policy rules for emergency aid to entrepreneurs amid COVID-19


The finnish coalition government on Friday rolled out its new policy rules for emergency aid to entrepreneurs, saying aid criteria would be based more on the permanent costs of companies so as to better match the problems caused by the COVID-19 outbreak.

The government also said that innovation would still remain one of the aid criteria, and the value-added tax payments of this year would be paid back to companies as a loan, which they must pay back in two years.

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According to local media, the budget of 1.5 billion euros (1.61 billion U.S. dollars) announced by the government earlier for direct assistance had caused a national outcry, as it turned out many hard-hit small service businesses did not qualify for the criteria for most of the aid.

As of Friday afternoon, Finland has confirmed 4,395 cases of COVID-19 with 177 deaths, according to the Finnish Institute for Health and Welfare.

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