General national economic measures 

 

*tax returns and or VAT returns suspended/delayed 

*loan repayment holiday 

 

-In April 2020, the government adopted a Covid-19 emergency relief package which amounted to nearly €180 million (more than 2.5 per cent of Kosovo's GDP). The measures included support to affected sectors through liquidity provision, wage subsidies, corporate and personal income tax deferrals. Payment of loan instalments for businesses and individuals were suspended from March 16th until April 30th, and could be extended depending on the situation.  

-Companies were able to benefit from support for salaries of €170 per month, lasting for two months, and for pension contributions, and SMEs were entitled to a rent subsidy of up to 50% of the rent value. Micro enterprises and self-employed were eligible for credit guarantees of up to €10,000 through the Kosovo Credit Guarantee Fund. The central bank also allowed the submission of loan restructuring applications until the end of September 2020 for borrowers with payment difficulties due to the pandemic.

 

-The government adopted a medium-term economic recovery package in June 2020, worth €1.2 billion and covering the period 2020-23. (source)

 

-In addition, the EU approved assistance for Kosovo via its neighbourhood programme (part of its Western Balkans Covid-19 package worth 410m euros). On top of funds for healthcare systems, the EU mobilised €63 million to support the social and economic recovery of Kosovo. How the money is to be spent is being 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 

 

Grants and subsidies to support sports and cultural activities were also envisaged. 

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.

Business and other expected losses 

 

Still under evaluation. 

Kosovo

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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