TALLINN – The Estonian Ministry of Economic Affairs and Communications is set to provide 25 million euros in support for the tourism sector that has been hit severely by the coronavirus crisis.
The support is to be disbursed via Enterprise Estonia (EAS).
"The crisis caused by coronavirus has put very many business operators in a difficult situation and the tourism sector, where many businesses have lost even as much as 100 percent of their turnover, is in a particularly difficult situation," Minister of Information Technology and Foreign Trade Kaimar Karu said through spokespeople.
Karu said that the support must help those companies whose business has come to a halt or has suffered substantially as a result of the discontinuation of international travel. This includes accommodation, catering, and organization of travel alike, he said.
The minister said that there are more sectors that have suffered significantly in the crisis, and the government will continue making additions to the list of measures.
To support the tourism sector, a mechanism will be created for partial compensating of business operators for proven damage from the crisis in the form of non-repayable aid. The size of the support measure is 25 million euros.
The precise terms and conditions of the measure will be set out by EAS with the Ministry of Economic Affairs and Communications in the near future, in consultation also with professional associations.