General national economic measures

 

*small business relief or other financial support 

* VAT relief 

* income support for employees 

* tax returns and or VAT returns suspended/delayed 

*Loan repayment holiday 

 

More information :  

-The government announced a fiscal package of GEL 1 bn (around €290m), which represents around 2% of Georgia’s GDP.  

-Tax deferrals are in place, including property and income taxes, for companies that operate in the tourism industry: hotels and restaurants, travel agencies, passenger transportation companies, site seeing companies, arts and sports event organizers, 

 

-Income support for employees is available. 

-Increase in credit guarantee scheme.  

- Businesses that encountered problems in servicing their loans will get their liabilities restructured by commercial banks on an individual basis. 

-Citizens willing to deter their loan repayment will be given such opportunity by commercial banks in the coming three months. 

-Acceleration and doubling of VAT refunds.  

-Moratorium on fines. 

More information here and here

 

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


The music sector can benefit from parts of the measures mentioned above but the stimulus package targets mostly the tourism sector. 

 

De-confinement process

 Georgia had a state of emergency until May 22, which includes a night curfew, the closure of restaurants, cafes and most shops, the suspension of public transport and a ban on gatherings of more than three people.

Lockdown has been lifted in most cities, and the country reopened to foreign tourists on July 1st, with domestic tourism which resumed from June 15th. 

The country is allowing tourists from 5 countries (Germany, France, Latvia, Lithuania, Estonia) with borders expected to reopen on 1st of August, although the reopening might be subject to delays. Domestic tourism is allowed.

 

Public concerts are still forbidden, and most restaurants are still closed.

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 other initiatives by online services, click here.

 

Support from national radio and other media

 

None so far, most of them have stopped payments.

 

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

Lay off staff, reduction of revenues. It's the most hard period for music business. 

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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