Due to Coronavirus pandemic, the operation of retail shopping facilities in the Czech Republic has been affected by restrictions imposed by the public authorities from 12 March 2020. In this respect, the Czech Government approved a state aid programme which aims to support tenants affected by the restrictions above (the "Programme"). After having been approved by the Czech Government on 18 May 2020, a notification of the Programme to the European Commission is necessary. Thereafter, the Programme will be announced by the Czech Ministry of Industry and Trade.
The purpose of this Briefing is to provide a brief overview of the Programme conditions as proposed by the Czech Government. Should you have any queries, please do not hesitate to contact us.