• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Germany extends COVID emergency aid for companies until year-end

September 9, 2021 by David Barret Leave a Comment

September 9, 2021

BERLIN (Reuters) – Germany is extending its COVID-19 emergency aid for struggling companies by three months until the end of this year, the finance and economy ministries said on Wednesday.

Companies with a pandemic-related drop in sales of at least 30 percent can now apply for liquidity aid of up to 10 million euros per month until the end of December, the ministries said. The government also extended additional aid schemes to support companies hit particularly hard by the pandemic as well as musicians, artists and other solo self-employed.

The aid had been due to expire on Sept. 30.

Chancellor Angela Merkel’s coalition government has also agreed in principal to extend its short-time work scheme, also known as Kurzarbeit, until the end of the year to cushion employees from the impact of the COVID-19 pandemic.

The cabinet is expected to pass the measure later this month.

Since the beginning of the coronavirus crisis in Germany in March 2020, the government has supported struggling companies with special loans and grants worth nearly 120 billion euros.

In addition, the government invested 38 billion euros through its short-time work scheme to shield workers from the brunt of the pandemic, keeping unemployment in check and stabilizing the disposable income of consumers.

Finance Minister Olaf Scholz is financing the measures with record new borrowing of up to 240 billion euros this year and more than 130 billion euros last year for which parliament had to suspend strict debt limits in the constitution.

Scholz, the centre-left Social Democrat candidate to succeed conservative Angela Merkel as chancellor in a Sept. 26 election, has proposed suspending the debt brake for a third year in a row in 2022 to allow additional borrowing of nearly 100 billion euros next year.

(Reporting by Michael Nienaber; Editing by Gareth Jones)

Source Link Germany extends COVID emergency aid for companies until year-end

David Barret
David Barret

Related posts:

  1. Exclusive-Apple hit with antitrust case in India over in-app payments issues
  2. Get 50B of data for just £12 a month with this unbeatable Smarty SIM only deal
  3. FTC bans spyware maker SpyFone, and orders it to notify hacked victims
  4. The only one way to tackle ransomware: Zero Trust

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Wondrous And Worrying Sights: What Explorers Discovered At The Bottom Of The Great Blue Hole
  • What’s The Biggest Volcano In The World? It Depends How You’re Measuring
  • “Every Species On The Planet Self-Medicates In Some Way”: How Wild Animals Use Medicine
  • Deepest Complex Ecosystem Ever Discovered 10 Kilometers Below The Sea, 892-Kilometer “Megaflash” Lightning Sets New World Record, And Much More This Week
  • The Life And Death Of David Vetter, The Boy Who Lived His Whole Life In A Bubble
  • Time’s Arrow Within Glass Appears To Go Both Ways, Raising Huge Questions
  • World’s “Oldest Baby” Born From Embryo Frozen In 1994 In New World Record
  • What Can Spain’s “Tunnel Of Bones” Tell Us About The Fate Of Human Species On The Brink Of Extinction?
  • Rhino Horns Go Radioactive As Anti-Poaching Project Gets Off The Ground
  • Manta Rays Officially Get Third New Species – 15 Years After First Suspected
  • “Space Hurricanes” Are Happening At Earth’s Poles – And They Can Affect GPS Signals
  • There Is A Crucial Reason Why We Will Never See The Big Bang Directly With Our Telescopes
  • How Does An MRI Machine Work?
  • Catch A Glimpse Of One Of The World’s Rarest Sharks In Dreamy New Footage
  • A One-Shot Vaccine For HIV Might Actually Be On The Cards
  • Chikungunya Virus Is Spreading In China: As CDC Considers Travel Advisory, Here’s What To Know
  • First-Of-Its-Kind Vagus Nerve Implant Gets FDA Approval As A Therapy For Rheumatoid Arthritis
  • First Time Crystal Made Of “Exotic” Giant Atoms 1,000 times Larger Than Hydrogen
  • Prehistoric Humans Began Eating Tubers 700,000 Years Before Our Teeth Evolved To Do So
  • The World’s Oldest Wild Bird “Surprised” Everyone With A Hatched Chick At 74
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version