The Effect Of Covid-19 Pandemic in Kosovo Prishtina • On 18 May, the Government of RKS allocated an additional EUR 10.9 million to enable the implementation of the emergency support package; and, • On 19 June, the Government of RKS initiated a new agricultural support programme with direct payments to farmers. • to financially support taxpayers, employees and businesses to cope with the COVID-19 pandemic and its underlying consequences. Following the collapse of the economy as a result of the pandemic and the undertaken institutional measures, on 30 March 2020, the Government of the Republic of Kosovo approved the Emergency Fiscal Package. EMERGENCY FISCAL PACKAGE. The goal of the Emergency Fiscal Package was to financially support taxpayers, employees and businesses to cope with the COVID-19 pandemic and its underlying consequences. Key measures in this Package include the following: (1) Financial support for Business Organizations that have been facing financial difficulties coming from restrictions and emergency public health situation that have decrease of their activity: • Covering 170€(one-hundred and seventy euros) as monthly wage expenses of employees for two months, April and May; (2) Up to 50%(fifty percent) of the value of the rent for small and medium enterprises(SME), as rent subsidy payment, for two months, April and May. The total amount offered by means of this financial measure is estimated up to 12, 000,000. 00€(twelve million euros); 6 Operational Plan on Emergency Fiscal Package. Ministry of Finance and Transfers. Government of the Republic of Kosovo (3) 130€(one hundred and thirty euros), as payment of monthly assistance of April, May and June, for citizens who have lost their jobs due to COVID-19 pandemic. This financial measure amounts an estimate up to 4,000,000.00€(four million euro); and, (4) Ensuring the financial liquidity 6 ECONOMIC STIMULUS MEASURES Within the Emergency Fiscal Measures Package undertaken by the Government of the Republic of Kosovo, the economic stimulus measures include seven key interventions: (1) State-owned enterprises which face financial difficulties, and legal entities/companies authorized to provide essential services, are offered interest-free loans repayable until 31 December 2020. This measure amounts to a total of EUR 20 million. (2) Financial liquidity support extended through the programs of Kosovo Fund for Loan Guarantees as a tool to help micro-enterprises and self-employed. This includes an amount up to 10,000 EUR for period of 24 months. This financial measure amounts a total estimate up to 15 million Euro. (4) Monthly salaries coverage of EUR 130 for two consecutive months as financial support measure for business organization that register the employees with contract at least with duration of 1 year during public health emergency. The validity of the measure is after registration of the employees. This financial measure amounts a total estimate up to six(6) million euros. (5) Financial support to exporters after the termination of the COVID-19 situation will be at the total amount of EUR 10 million. 8