General national economic measures 

 

-According to Reuters, also here Albania brought in economic measures to cope with the impact of the coronavirus on 20 March, totaling $370 million in the state budget.  

-12 billion leke ($104.99 million) has been budgeted to help businesses and those in need.  

-Guarantees of 11 billion leke ($96.24 million) will be available to companies to make sure they can borrow and pay employees.  

-Apparently 6.5 billion leke will be used to support employers, those in need or people who have lost their jobs due to the crisis, with 2.5 billion leke allocated to medical equipment.  

-Reuters also reported that penalties on delayed electricity payments will be written off.  

-Taxes on company profits are also postponed to the second half of 2020.  

- As Albania is involved in accession negotiations with the Union since March 2020, the country can apply to EU funds open to accession countries like the EU Solidarity Fund (the fund was set up for natural disasters and now includes public health emergencies).

-In addition, the EU has approved assistance for Albania via its neighbourhood programmme (part of its Western Balkans Covid-19 package worth 410m euros). On top of funds for healthcare systems, the EU is mobilising up to €46.7 million to support the social and economic recovery of Albania. How the money is to be spent needs to be co-ordinated with the EU, international and national financial institutions “to support the real economy, including SMEs, and support liquidity, also of the banking sector.”  

-RUNDA (the independents music companies association for the region) would like to see part of these monies used to support music and other cultural sectors.  

 

National measures specific to the music sector or to culture in general 

 

None so far.

Measures taken by local collecting society organisations 

None so far.

Other music fund available 

 

None so far.

 

Support from online services 

 

None so far. For more initiatives by online services, click here.

 

Support from national radio and other media 

 

None so far. 

 

Social media campaign to promote music during the crisis 

 

None so far. 

 

Local programmes supported by EU funds covering music 

 

None so far. 

Business and other expected losses 

 

Still under evaluation. 

IMPALA represents independent music companies and national associations in Europe. Our main site is www.impalamusic.org where you can find out more about what IMPALA does. 

Address: 70 Coudenberg - 1000 Bruxelles

Tel: +32 2 503 31 38

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