Weekly Digest – 24 February 2022
Support for Businesses Struggling in Red Light Setting
The government has announced a maximum of $24,000 in financial support for businesses struggling with a business downturn during the red light setting and the Omicron outbreak. Each payment is $4000 per business plus $400 per full-time employee up to a maximum of 50 full-time employees.
NZ Central Bank Hikes Rates
The central bank delivered a third straight interest rate hike, taking borrowing costs back to pre-pandemic levels and signalled a more aggressive tightening path to counter rising inflation.
NZ-Cook Islands Travel Bubble to Stay Open
The Cook Islands Government agreed quarantine-free travel would remain even with the arrival of Omicron in New Zealand 10 days after the travel bubble reopened.
Get in touch
Contact us if you have any questions or want to discuss the next steps for your business.