Mart Blondal

Mart Blondal

Associate

Articles

COVID-19 in the Baltics: State Aid – How Can the State Help Companies Affected by COVID-19?
COBALT, March 2020

The Estonian, Latvian and Lithuanian governments have indicated their support for the companies in the form of tax relief and liquidity support. As of 17.03.2020, the initial measures in Estonia and Latvia are expected within this week. Companies with business in Lithuania can already benefit from tax relief, with a draft law on liquidity support expected within 48 hours. Due to the exceptional circumstances created by COVID-19, many companies have had to restructure their operations...