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“The dramatic increase in the number of infections in Austria and many European countries will lead to necessary restrictions on public life and will also affect the national economy,” the Finance Ministry said on Friday. Therefore, in parallel with the Corona measures, a new “under high pressure” aid package will be drawn up.
“We must do everything possible to save human lives and, at the same time, secure economic livelihoods. Maintaining employment and the survival of companies are at the forefront of economic aid,” said Finance Minister Gernot Blümel. .
Another aid package will be prepared for the affected industries in coordination with the EU state aid law, and Brussels should allow more aid, says Blümel.
Some industries hit harder than others
Vice Chancellor Werner Kogler notes that some industries would be hit harder than others.
Last but not least, it will be sport and culture, two areas for which Kogler is responsible. It promises “quick help and without bureaucracy.”
In addition to current assistance (Emergency Fund, Loss Recovery and Profit Equalization, Investment Bonus, State Guaranteed Loans, Declining Depreciation, Sales Tax Reduction, and Others), “Another Assistance Package that can be processed quickly and easily so that companies in the affected industries do not suffer from running out of air, “says Blümel.
