Report

Government puts country under quarantine, postpones tax payments

- Only food stores, pharmacies and some services to remain open; measures to apply until Mar 24
- Borders remain closed, leave for medical personnel has been cancelled
- Government approves postponement of tax return submission and personal income tax payment by three months
- Government wants to redirect CZK 4bn in EU funding to business, lower loan limit through state development bank to be scrapped
- Fiscal stimulus is not considerable yet, but more may be on table if economic damages pile up
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CEEMarketWatch

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