A fight against virus
Globally, as of
15 October 2020, there have been 38,770,259 confirmed cases of COVID-19, including 1,097,289
deaths, reported to WHO.
economy during the coronavirus pandemic.
Being BITE Consulting Services, a Polish Company, our first priority is the health of our citizens. At the same time, the coronavirus outbreak is a major shock for the European and global economies. Member States have already adopted or are adopting budgetary, liquidity and policy measures to increase the capacity of their health systems and provide relief to those citizens and sectors that are particularly impacted.
To cushion the blow to people’s livelihoods and the economy, the European Commission has adopted a comprehensive economic response to the outbreak, applied the full flexibility of the EU fiscal rules, has revised its State Aid rules and set up a €37 billion Coronavirus Response Investment Initiative to provide liquidity to small businesses and the health care sector.
In addition, on 2 April,
the Commission proposed far-ranging measures to mobilize every euro of the EU
budget to protect lives and livelihoods. The Commission launched a new
initiative called SURE - Support mitigating Unemployment Risks in Emergency,
helping to preserve jobs and support families. It also proposed to redirect all
available structural funds to the response to the coronavirus. Farmers and
fishermen will also receive support, as will the most deprived of aid. An EU
Solidarity for Health Initiative worth €3billion will cater for the needs of
Member States’ health systems.