Covid-19, Estonia, Financial Services, Good for Business, Tourism
International Internet Magazine. Baltic States news & analytics
Thursday, 25.04.2024, 03:40
Tallinn gives tourism businesses in city center 80% rent discount until year-end
The measure that comes as state aid has been approved by the
European Commission.
Specific terms apply to the building situated at 26 Viru
Street, where the tenant of the commercial premises gets a rent discount of 30%
and the tenant operating a nightclub a discount of 100%, spokespeople for the
city government said.
Tenants who use a structure of the city for retail business
in the city center get a rent discount of 100%. Such retail business includes,
for instance, the sale of handicraft on Muurivahe street, terraces, coin
minting machines, almond and nut carriages, and tower viewers.
\
Deputy Mayor Aivar Riisalu recalled that at the end
of the summer, the city came up with new proposals for support measures to
alleviate the impact from the emergency situation for business operators. The
measures for operators of tourist-related businesses in the city center
received a state aid permission from the European Commission on Oct. 21.
Riisalu pointed out that the city's second aid package
introduces discount terms for business operators active in the city center, who
are the most dependent on the summer tourist season.
The discount will not be available to business operators who
have arrears to the city as at Oct. 31 and no agreement on rescheduling of the
arrears has been concluded. Nor will the discount be available if arrears are
rescheduled beyond Dec. 31.
The discount is not available if the tenant is an
institution, business or foundation of the city, or a foundation, business or
nonprofit association co-owned by the city. Nor is the discount available if
the basis of the use of the premises is a decision of the city council,
regardless of the purpose of use.
The discount is not valid for parties that process and sell
agricultural products, which pass on the discount either partially or in full
to the producer.
The measure will not apply to tenants of municipal property
and users of structures of the city for retail whose main target group is local
residents, such as theaters, museums and other cultural establishments.
The discounts take effect retroactively from Sept. 1 and
will be valid until Dec. 31.
The first aid measures for the field of business to mitigate
the impacts arising from the emergency situation were introduced by the Tallinn
city government in April this year.
- 28.01.2022 BONO aims at a billion!
- 13.02.2021 Моя жизнь в газете. Очерки по новейшей истории Латвии. Глава 1
- 25.01.2021 Как банкиры 90-х делили «золотую милю» в Юрмале
- 30.12.2020 Накануне 25-летия Балтийский курс/The Baltic Course уходит с рынка деловых СМИ
- 30.12.2020 On the verge of its 25th anniversary, The Baltic Course leaves business media market
- 30.12.2020 Business Education Plus предлагает анонсы бизнес-обучений в январе-феврале 2021 года
- 30.12.2020 Hotels showing strong interest in providing self-isolation service
- 30.12.2020 EU to buy additional 100 mln doses of coronavirus vaccine
- 30.12.2020 ЕС закупит 100 млн. дополнительных доз вакцины Biontech и Pfizer
- 29.12.2020 В Rietumu и в этот раз создали особые праздничные открытки и календари 2021