Sunday, 14 Jun 2020 09:01 PM MYT
ZURICH, June 14 — Austria plans extra investment subsidies and tax breaks to help companies hit by the coronavirus pandemic, Economy Minister Margarete Schramboeck said today. This could comprise a basic subsidy of 7 per cent and additional support for spending on things like digitalisation, the life sciences and health care, she said, adding a 20 per cent subsidy in cash would be “ideal”.
The Oesterreich newspaper said the measures were worth €2.6 billion , on top of the aid package of up to €38 billion the government announced in May.
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