Consequences of the war in Ukraine Government decides on aid package for companies
04/08/2022 09:24
First the Corona crisis, now the Ukraine war: the federal government is planning another package of measures for the affected companies, as finance minister Lindner announced in the Bundestag. Exact details will be announced later.
Companies in Germany suffering the economic consequences of the war in Ukraine receive state aid. Finance Minister Christian Lindner told the Bundestag that he would make public with Economy Minister Robert Habeck at noon what additional corporate aid the federal government was launching. “Doing nothing is not an option in this situation,” Lindner said. The FDP politician did not give details of the aid.
A spokeswoman for Habeck said in late March that the federal government was working “full steam ahead” on a relief package for businesses affected by the aftermath of the war. The ministry is in close contact with the state development bank KfW about a loan program.
The EU Commission has paved the way for companies to receive state support more easily, in order to protect them from the economic effects of the war against Ukraine. Business associations have asked the federal government to provide targeted help. In individual cases, temporary instruments such as guarantees, guarantees, loans and state investments in companies at risk should be possible, based on the model of the Economic Stabilization Fund in the Corona crisis, said Joachim Lang, general manager of the Federation of German Industries. .
Faced with high inflation, Lindner also announced support for the people of Germany. “We are giving citizens more money in their wallets,” he said in the first reading of the 2022 tax exemption law at the Bundestag. Faced with a “situation characterized by a high level of uncertainty, it is imperative, for economic and political reasons, to strengthen growth in Germany, combat the risks of inflation and cushion the difficulties”. Lindner explained that the coalition also wanted to dampen “the perceived inflation that people are feeling”. At the same time, liquidity must be guaranteed for the company.