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Measures to Support the Dutch Economy
Robert van Galen, Partner, NautaDutilh, Amsterdam, the NetherlandsSynopsis
The COVID-19 pandemic has led to a semi lockdown in the Netherlands. Schools, restaurants and hairdressers have been closed for a considerable amount of time, sports have been suspended and many events have been cancelled. People however were not prevented from leaving their homes, provided they observed the guidelines on social distancing. Obviously the economic activity has been hard hit by the measures and the government has taken several measures to help business to survive the slowdown. They can be divided into three categories:
(i) subsidies, (ii) loans and (iii) tax facilities. The subsidies can be granted quickly. The loans may require somewhat longer.
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