Austria unveils aid package for companies amid energy crisis - Vienna News

Vienna, Sep 29 (IANS) The Austrian governmenthas unveiled a new aid package worth 1.3 billion euros for companies struggling with the worsening energy crisis.

by IANS | Updated Sep 29, 2022

Austria unveils aid package for companies amid energy crisis - Vienna News

The funds will be earmarked for energy-intensive companies to cover 30 per cent of their additional fuel, gas and electricity costs, Xinhua news agency quoted Economy Minister Martin Kocher as saying to the local media on Wednesday.

However, companies seeking state aid will have to avoid certain wasteful activities, such as using outdoor patio heaters and keeping shop lights on after 10 p.m., local media reported.

Soaring energy prices have continued to drive up inflation, which stood at 9.3 per cent in August.

Fuel prices are the strongest driver of inflation, according to Statistics Austria.

The Austrian government had previously introduced several anti-inflation packages to support households and companies, including increasing social benefits for the unemployed and other vulnerable groups.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

Related Articles

  • Cambodia's traditional martial art inscribed on Unesco's intangible cultural heritage list
  • Swedish households slash electricity use under high prices
  • 5 Palestinians killed in West Bank amid rising violence
  • Red Cross warns of deepening humanitarian needs in conflict zones
  • 3 Indian-origin women among Australia's Superstars of STEM
  • Libyan PM expresses readiness to hold polls
  • IAEA to boost presence at all nuke plants in Ukraine
  • UN envoy warns of dangerous escalation in Syria
  • US far-right group members found guilty of seditious conspiracy in Capitol riot
  • Biden meets top Congressional lawmakers on lame-duck session