Slovenia's govt vows to keep helping companies

World

The Slovenian government on Friday pledged to continue to help companies that are increasingly struggling as the coronavirus crisis is not letting up.

"We will help the economy pull through and begin recovering as soon as possible," Economy Minister Zdravko Počivalšek said at a press conference as quoted by news portal the Slovenia Times.

The minister pointed out that the ministry's goal was to lift COVID restrictions as soon as possible, and relaunch activities in all sectors. Noting that the government has adopted job retention schemes and helped preserve companies, he said these two aims were key when it came to facing COVID-19 economy-wise.

Regarding a slightly modified strategy for tackling the epidemic, presented at the briefing, Počivalšek said the new policy sought to enhance predictability when it came to imposing or lifting restrictions. Počivalšek singled out liquidity as the key economic issue in the wake of the extended restrictions, adding that sma ll and mid-sized companies (SMEs) had it worst. He said that the seventh stimulus package had contained measures to keep businesses afloat, including soft loans, however additional measures would have to be put in place due to the extension of restrictions.

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