Tallinn has implemented a number of measures to support local entrepreneurs and businesses. The aid measures are primarily targeted at businesses that have a contractual relationship with the city or have a big impact on the city’s activities.
The city will pay its bills faster, reducing its own payment deadline from 21-30 calendar days to just 10 calendar days to improve the cash flow of the companies. The city will also waive contractual sanctions in the event of difficulties that occur due to the ongoing emergency situation when fulfilling an order or delivery. Tallinn has reduced advertising tax by 50%, and exempted advertisements on the sides of buildings from paying rent. The city is also reducing rent for contractors and cancelling rent from sports venues, while continuing to pay subsidies for sports activities if the clubs can find a way to bring those activities online.
These measures are planned to last for three months or until the end of the year depending on the specific measure. These measures will have an effect on the budget and the local government is preparing a supplementary budget to take this into account. The impact of the business support package on the city budget may be up to €4 million.
Find more information here.
Contact: Kerttu Märtin