Germany unveils relief package for companies amid Ukraine crisis | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 86%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

BERLIN, April 9 — The German government unveiled a multi-billion euro support package yesterday to help companies in Europe’s biggest economy weather the fallout from the Ukraine war and sanctions against Russia. Finance Minister Christian Lindner described the measures as a “shock...

BERLIN, April 9 — The German government unveiled a multi-billion euro support package yesterday to help companies in Europe’s biggest economy weather the fallout from the Ukraine war and sanctions against Russia.

It also includes direct financial aid for some companies when their energy costs have more than doubled, and for companies deemed systematically relevant such as those supplying gas and electricity. That package included heating subsidies and extra child benefits for low-income families, as well as a tax fuel cut and a pledge to slash public transport costs for three months.

Lindner, from the liberal FDP party, said the government could not deplete itself financially and had to “act responsibly with taxpayer money”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines