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.