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Matiss Kukainis, Partner at Spigulis & Kukainis
Large number of companies will switch to remote work. However, there still are many companies that won't be able to do so as it is not yet possible to fully digitally transform some sectors. Remote work will reduce demand for offices and transport services.
According to Mr. Aleksejenko, Latvia has developed a clear strategy for overcoming the Covid-19 crisis and strengthening the economy in the post-crisis period. The first step to overcome the crisis is to survive and stabilize the economy. The second is refocus the economy and the third is to implement a rapid growth strategy from 2023 onwards.
In order to alleviate the financial burden of the Covid-19 crisis on employees and businesses and to maintain a functioning economy as much as possible, the government has approved a number of support mechanisms, including: support for downtime and wage subsidies; grants for the provision of working capital; tax holidays; guaranteed loans; childcare allowance for parents, etc. In 2021, part of the support programs will also be available to entrepreneurs.
Roche Latvija is pleased to be part of the AmCham community.
Rauls Vēliņš, General Manager, Roche Latvija