Coronavirus: Austria extends economic support until June
The Austrian government announced on Wednesday that it will extend coronavirus economic aid until June.
Vice Chancellor Werner Kogler (Greens) said that the government was committed to providing businesses with “everything they need” to ensure they survive the pandemic.
The goal of making such a long-term promise is to create planning security for companies who may be struggling due to the pandemic and the subsequent lockdowns.
More than 31 billion euros have been paid out so far under the scheme.
Kogler told Austrian media that while the scheme was costly, not doing so would “cost a lot more”.
Austria has made money available through subsidies and advanced payments to companies, as well as support for employees through the “short-time” work (Kurzarbeit) scheme.
More information on the type of corporate support that is available - including information on how to apply for assistance - is available at the following link.
Comments
See Also
Vice Chancellor Werner Kogler (Greens) said that the government was committed to providing businesses with “everything they need” to ensure they survive the pandemic.
The goal of making such a long-term promise is to create planning security for companies who may be struggling due to the pandemic and the subsequent lockdowns.
More than 31 billion euros have been paid out so far under the scheme.
Kogler told Austrian media that while the scheme was costly, not doing so would “cost a lot more”.
Austria has made money available through subsidies and advanced payments to companies, as well as support for employees through the “short-time” work (Kurzarbeit) scheme.
More information on the type of corporate support that is available - including information on how to apply for assistance - is available at the following link.
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.