STATE AID: COMMISSION APPROVES €12 BILLION GERMAN UMBRELLA SCHEME TO COMPENSATE COMPANIES FOR DAMAGES SUFFERED DUE TO CORONAVIRUS OUTBREAK

 

 Under the scheme, companies from all sectors will be entitled to compensation for damages suffered   during the lockdown periods imposed by the German government in March/April and   November/December 2020 to limit the spread of the coronavirus. The compensation, in the form of   direct grants, covers either up to 100% of the actual damage incurred during the lockdown periods, or   75% of the turnover in the reference months of November and December 2019, whichever amount is   lower.

 

 For more info click here.