economic support measures are coming to an end
The Reinforced Temporary Total Unemployment (CTTR) and the Partial Exoneration of Employer Charges (EPCP) will stop on March 31st.
They had been reactivated in mid-January following the deterioration of the health situation. The CTTR and the EPCP will no longer be in force at the end of the month, due to the lifting of the protective measures which had hitherto had an impact on the Principality’s economy.
Similarly, the Support Commission for Economic Recovery (CARE) is also continuing its activity until this date, as Jean Castellini explained. The Minister of Finance and the Economy, indeed expressed himself on Monaco info : “ However, the current situation leads us to be very vigilant about the impact of the Ukrainian crisis on Monegasque economic players. “, he nuances.
On the other hand, the “Carlo” device is renewed under the same conditions until June 30th. Until that date, the operating costs of the platform and the discounts granted will continue to be borne by the State. ” This is another way of demonstrating the Government’s support for businesses and economic activity in the Principality in general.. (…) This is certainly not the time to change anything in the support that the Government gives to this system, given the success it is having and the economic distributions from which traders and public finances benefit. commented Jean Castellini.
As far as remote working is concerned, it will be maintained until May 31 for employees of the Principality residing in France. On the other hand, remote work will be maintained under the current conditions for employees residing in Italy.