Business

Minister Believes Croatia Manages to Escape Worst Case Scenario

By 8 April 2020

ZAGREB, April 8, 2020 - Labour and Pension System Minister Josip Aladrović said Wednesday that by midnight Tuesday 94,000 employers had applied for a government measure to rescue jobs for 550,000 workers and would be paid by April 15, adding that Croatia had managed to escape the worst case scenario when it comes to preserving jobs.

Aladrović told Croatian Radio that under the said measure, the government, instead of employers, will pay workers a HRK 3,250 wage for March and HRK 4,000 for April and May, adding that so far approximately HRK 760 million has been paid out.

All payments should be made by April 15 at the latest, Aladrović said.

The fiscal effect, given the fact that the state will pay out contributions for March, April and May for all beneficiaries, is estimated at between 9 and 10 billion kuna.

The measures are aimed at preserving jobs at this point I would dare to say that we have succeeded, Aladrović said.

The minister also said that pensions and social welfare allowances were secure.

More coronavirus news can be found in the Lifestyle section.

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