Germany to support companies affected by partial lockdown - Berlin News
by IANS
Updated Oct 30, 2020
In his announcement on Thursday, Scholz stressed at a press conference in Berlin that the support measures for businesses were "massive" and with a magnitude "previously unknown", reports Xinhua news agency.
Due to a record Covid-19 cases in the country, the federal and state governments agreed on far-reaching restrictions on daily life on Wednesday, initially limited to November.
Measures include tougher contact restrictions as well as closing restaurants and bars.
As the implemented measures were "focused" on the month of November and limited to certain sectors, "we are at the same time able to offer massive economic and financial support", said Scholz.
Companies with up to 50 employees would receive up to 75 per cent of their sales of November 2019.
Larger companies would get up to 70 per cent of the last year's sales from November.
In addition, Scholz announced that the bridging loan, part of Germany's far-reaching economic stimulus package, would be replaced by an advanced concept designed for specific business sectors and would be extended into the coming year.
The fast loan by the German development bank KfW would be further developed so that liquidity of up to 300,000 euros for companies could be made available "very quickly", Scholz added.
Related Articles
- Gervonta Davis Ethnicity, What is Gervonta Davis's Ethnicity?
- Emma Myers Religion What Religion is Emma Myers? Is Emma Myers a Christian?
- Remy Ma Religion What Religion is Remy Ma? Is Remy Ma a Christian?
- Ivanna Sakhno Religion What Religion is Ivanna Sakhno? Is Ivanna Sakhno a Christian?
- Kurt Angle Religion What Religion is Kurt Angle? Is Kurt Angle a Christian?
- Danielle Jonas Religion What Religion is Danielle Jonas? Is Danielle Jonas a Christianity?
- Sheryl Crow Religion What Religion is Sheryl Crow? Is Sheryl Crow a Christian?
- Sara Evans Ethnicity, What is Sara Evans's Ethnicity?
- Matt Gay Ethnicity, What is Matt Gay's Ethnicity?
- George Lopez Ethnicity, What is George Lopez's Ethnicity?