The government has followed through on its plan to merge the state credit agency, KredEx, with Enterprise Estonia (EAS), a body which concentrates on innovation, trade, foreign investment and the e-state.
The merger was already decided on at the end of April, while the government officially endorsed the move Thursday, BNS reports.
The merger is expected to save over €140,000 in 2021 alone, at a time when the Reform/Center coalition is pursuing an austerity drive.
Reform s IT and foreign trade minister Andres Sutt (pictured) said: We have set the goal of legally merging the two institutions into one by the beginning of next year.
The Ministry of Economic Affairs (MOEA) yesterday said that a relief fund of NT$42.7 billion (US$1.54 billion) has been earmarked to help food and beverage, entertainment and other service industries that have been heavily affected by a resurgence of COVID-19 infections in Taiwan.
Businesses that suffer a revenue drop of more than 50 percent from last month to next month are eligible for a one-time NT$40,000 subsidy per employee, on the condition that owners do not reduce staff or stop operations, the ministry said.
To apply for the funding, established businesses have to submit documents showing their sales have dropped by more
HELP ON THE WAY: Businesses whose sales drop by more than 50% because of the outbreak would get employee subsidies if they do not cut staff or stop operationsBy Angelica Oung / Staff reporter
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