May 4, 2020 / 6:11 PM / 2 months ago

Czech government readying rent help for coronavirus-hit businesses

PRAGUE (Reuters) - The Czech government plans to give rent relief to businesses hurt by measures to combat the spread of the new coronavirus, paying up to 50% if landlords cover 30%, Industry Minister Karel Havlicek said on Monday.

He said the program, which should be prepared in the coming week, could affect 150,000 to 200,000 businesses, costing the state budget 4 billion crowns (£129.57 million).

Reporting by Robert Muller; Editing by Chizu Nomiyama

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