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Denmark Announces Expanded Aid Package for COVID-19

|Approved Changes|Denmark
Denmark

The Danish Ministry of Finance has announced agreement on an expanded aid package to support the Danish economy during the COVID-19 crisis. Some of the main measures include:

  • An extension of the compensation scheme for fixed costs by one month up to and including 8 July, as well as extended opportunities for compensation including:
    • a reduction in the minimum amount of turnover decline from 40% to 35% for 25% compensation; and
    • a reduction in the minimum amount of fixed expenses from DKK 25,0…

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