Germany to announce financial aid for war-hit companies
Companies in Germany suffering from the economic consequences of the war in Ukraine will receive government aid, according to a package of measures due to be announced later.
Finance Minister Christian Lindner said in the Bundestag on Friday that he and Economy Minister Robert Habeck had agreed on the additional financial aid.
“Doing nothing is not an option in this situation,’’ Mr Lindner said.
One aspect of the plan is expected to involve help from the state development bank KfW.
The EU Commission had previously cleared the way for government support to be granted to companies to protect them from the economic impact of the war.
(dpa/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Makinde charges Oyo commissioners to stay committed as administration enters final lap
Mr Makinde urged government appointees to prioritise legacy over tenure, citing the late Obafemi Awolowo as an example.
States
Oyo police arrest man, recover pistol, drugs
The police said the investigation is ongoing, with efforts intensified to identify, track, and apprehend the fleeing suspects.
States
Gov. Sani appoints new aides, board chairs to enhance service delivery
Mr Musa said that the appointments are part of the ongoing efforts to strengthen governance and inject fresh energy into public service.
States
Police detain suspect over illegal possession of firearm in Enugu
The police said a concealed locally made double-barrelled pistol was found in the suspect’s possession during a search.
Politics
Appeal Court upholds judgment barring INEC from recognising Mark-led ADC congresses
Justice Mohammed held that the case that precipitated the restraining order bordered on a non-justiciable internal affair of a political party.
Heading 5
NMDPRA seals Mobil, Mangerborn Energy in Ogun for under-dispensing fuel
Mr Adebowale stated that the action became necessary due to repeated breaches of regulatory requirements by the affected filling stations.
