Business & Finance
Brought to you by: Monaco Life
Companies in the Principality who wish to apply for Reinforced Total Temporary Unemployment (CTTR) for their employees can now carry out the procedures online.
The government has made it easier for businesses to complete the CTTR process. They can now apply for authorisation from CCTR and submit their monthly declarations for the supplement payment for partial activity compensation, online.
The CTTR has been instated to allow companies to temporarily reduce or suspend the activity of employees – a measure that will end once the health situation has passed.
For more information, visit the government information site:
The government has bolstered some of the support systems it introduced recently for businesses in the Principality.
Banking giant Barclays has announced the launch of a £100 million package in an effort to help those most affected by the Covid-19 epidemic.
The Maltese Communication Authority has approved a €250 million corporate contract between Monaco Telecom and Malta’s leading telecommunications company, Vodaphone Malta.
Monaco is reopening the Larvotto construction site to workers, saying the beach project is “essential for the development of the Principality”.