The coronavirus pandemic forced the government to take a series of economic measures to try to tackle a health crisis that is gone 112,600 died in Spain, according to the official count. Several decrees seek to alleviate the economic impact with aid to the unemployed and loans for self-employed workers and SMEs.
Evictions and cuts in supplies
The government approved the suspend evictions renting of families without housing alternative and the cut of the offer (electricity, water and gas) to the vulnerable population and people at risk of exclusion until the end of the state of alarm (9 May 2021). It extended it for another three months until 9 August, then until 31 October and 31 March 2022. The latest extension goes until 30 September this year.
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ICO loans
The Executive launched ICO loans to mitigate the economic impact of the war in Ukraine and did balance of the ICO-COVID line. Their spokesperson says yes has financed around 750,000 companies, mostly SMEs and self-employed, and they have achieved mobilize 140,000 million to mitigate the effect of the pandemic in sectors, such as transport, consumption, trade or textiles, with great demand in Madrid, Andalusia and Catalonia.
The Government has extended the possibility of requesting credit until 31 June 2021 guaranteed by the State through the Official Credit Institute (ICO), with a two-year grace period (previously it was 12 months) and a maturity of eight years (initially it was five).
In July 2020 it was launched a new line of ICO loans worth 40,000 million euros for investments in companies, after having exhausted the first line of 100,000 million. The sixth tranche has a value of 15,000 million euro, of which 10,000 million made available to SMEs and self-employed workers and 5,000 to other companies in all sectors.
A bailout fund of 10,000 million for profitable businesses was also approved on 3 July. The first tranche of 20,000 million It went into effect on April 6. Then another tranche of the same amount was launched and a third round of guarantees for 24,500 million. The fourth tranche had an amount of 20,000 million and the fifth was 15,500 million euros.
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PEA
The prohibition on dismissal remains in force for companies benefiting from aid and ERTEs are governed by the labor reform. Companies could maintain the conditions of the ERTE, according to the agreement between the Government, employers and trade unions for the seventh extension, until 31 March. Previous agreements were reached until January 31, 2020, May 31, September 30 and February 28.
Maintains the counter to zero, which allows you to not consume unemployment while it is charged by ERTE. Therefore, anyone who has lost their job before or during 2021 will be guaranteed the benefit. The protection is maintained until December 31, 2022.
The EU has formally approved the SURE fund of 100,000 million to protect employment, of which more than a fifth, specifically 21,325 million, will go to Spain to finance ERTE and other aid to workers.
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Rentals
The government articulates rental aid e contracts renew automatically. After the state of alarm, the Executive extended these measures until September, then extended them until January 31 and then extended them until May 9, when the new period of the state of alarm ended. The Council of Ministers has extended it three monthsuntil 9 August and then until 31 October.
The executive extension in addition, the deadline for requesting zero-rate microcredits, guaranteed by the state, for the payment of rent for housing regulates the verification procedure for these ICO loans. The deadline for requesting them expired on 30 November, was extended by six months and three more were added.
These ICO loans are for Monthly rent up to 900 euros and must be returned in six years, extendable to another four. They are aimed at unemployed tenants, in ERTE or who have seen their income reduced. Large tenants, such as investment funds, must choose between collecting half the rent or restructuring the debt, within a minimum period of three years. This property was closed on February 28, 2022.
Entrepreneurs will be able renegotiate rents for commercial premises, especially those owned by large shareholders or public companies. In the case of other owners, the bond will be used to pay and must be replaced within one year.
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Good social
A new hypothesis has been approved so that electricity consumers still unemployed, ERTE, with reduced working hours, or with a family member in such circumstances, or in the case of businessmen, have seen their income reduced by 75%, can obtain the social bonus, a 25% discount on the electricity bill. The measure that allowed self-employed workers who had ceased their activity after 14 March, the date of entry into force of the state of alarm, to request the social bonus as a vulnerable consumer has been extended.
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Tourism
The Ministry of Tourism launches a web page on consult the available aids for the sector, called is reactivated.
The government allocates over 4,250 million of euros to increase the revival of tourism, with a plan that envisages reaching 1.2 million people with five lines of action: strengthening the country as a safe destination; supporting the entrepreneurial fabric and employment; improve competitiveness; improve the tourist intelligence model; and to promote national tourism through marketing campaigns.
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treatment
The Executive gives the green light to Co-responsible planendowed with 200 million euros, 190 for the Autonomous Communities. The plan allows families with low income and under 14s Get professional help with your care. Social security will allow workers to adapt or reduce working hours by up to 100% when they have to take care of another person who, due to age, illness or disability, needs personal and direct care . This is the ‘Me Cuida’ plan, which has been extended by the government.
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mortgages
A new moratorium on mortgages or consumer loans allows families most affected by the crisis to postpone for nine months the payment of the “principal and interest on your equity and unsecured loans“, a provision whose mandate expired on 30 March.
applied to habitual residence, in a place for the development of a business or in a rented house where the mortgaged owner does not receive the rent. The government explained that it would tourism or transport companies with a 40% reduction in turnover during the pandemic.
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bank dividends
The European Central Bank (ECB) is lifting the prohibition on the distribution of dividends. The entity advised caution e recommended to banks not to pay the shareholder until 1 October 2021, but opened its hand to eurozone “income” entities with “solid” capital trajectories. In this case, he claimed to reduce the distribution to 15% of the profits generated.
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Bankruptcy competitions
The bankruptcy moratorium ends on June 30, 2022. The goal was that vital companies, affected by the pandemic, could continue their business and not be forced into liquidation. The obligation of debtors to request insolvency proceedings (voluntary insolvency) has been suspended, as well as the obligation of the judge to admit him to treatment if requested by creditors (necessary insolvency).
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stopped
The Government has approved an extraordinary subsidy for the unemployed who ended their subsidies during the first state of alarm, between March 14 and June 30, for not being able to access other aid, nor to be able to look for work due to the restrictions against the pandemic, about 250,000 unemployed. The amount is 80% of the IPREM, around 430 euros with a duration of three months.
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In the car
From 20 October 2020 you may request the help of the Renove plan with a computer application. Requests are valid for purchases made after June 15th.
RNE Mornings with Íñigo Alfonso – Plan Renove Grant Application Period Begins – Listen Now
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The Executive has dedicated 250 million euros promote the purchase of vehicles between individuals with a plan for the automotive sector. To access help, delivered a car older than 10 years for your scrapping and the new had to be among the most efficient on the market, among other conditions.
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Pension plans
Los autonomous who have ceased their activity due to the coronavirus and people suffering from ERTE they will be able to redeem contributions paid to pension plans to alleviate their liquidity needs. The repayment of pension funds is facilitated, the circumstances, the duration and the maximum amount available are defined.
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I + D + i
The government offers aid for 173.5 million euros aimed at the innovative industrial sector and SMEs, technology companies and young entrepreneurs to promote innovation, employment and entrepreneurship, as well as financing projects with an interest rate of 0%.
They can set up public institutions for science, technology and innovation overtime. Overtime will be paid with the productivity supplement or with bonuses. The Carlos III Health Institute will receive more than 25 million euros in loans and the CSIC 4.4 million.
Los science and technology parks they can defer or divide the loan installments to avoid being paralyzed. The Consorcio Barcelona Supercomputing Center you can get into debt.
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Shopping
Los the terms for the return of purchases have been interrupted during the first state of alarm for both face-to-face and online acquisitions. Consumers were protected in contracts for the purchase of goods and the provision of services whose execution was impossible for the pandemic. The deadline for canceling purchases on line has been reactivated on June 4th. Consumo offers an informative website to find out how to claim.
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Culture
Congress has approved aid to culture for 76 million euros. More than 38 million for performing arts and music and more 20 million to provide liquidity to companies. The cine will receive more than 13 million; s libraries, four millions; and the visual artistsone.
The Council of Ministers approved measures to support the world of culture. This is 76 million euros for a sector that employs 700,000 people, contributes about 3% to national wealth and is one of the most affected by the coronavirus.
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Public work
In public works projects paralyzed by the pandemic, the concessionaire «will be able to restore the economic equilibrium within extension of its initial duration up to a maximum of 15% or by modifying the economic content clauses provided for in the contract “.
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Liquidity problems
Faced with the possibility that some companies have liquidity problems to realize the proceeds of some self-assessments, the Revenue Agency adjusts its operations. So the companies benefiting from the liquidity mechanism What does the decree offer? They will not receive penalties for non-payment of taxes until the funding line reaches them.
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Neighborhood meetings
The executive argues the suspension of owners’ meetings consequently, the obligation to present the annual accounts and renew the governing bodies is abolished of the neighboring municipalities. They can be detained for urgent matters, with anticovid security measures or telematically.
RNE Mornings with Íñigo Alfonso – Community of Owners: “We have to solve basic problems without having to meet” – listen now
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