Germany seals new aid package worth 10 bln euros to compensate firms - sources

Germany seals new aid package worth 10 bln euros to compensate firms - sources
Representative image Image Credit: ANI
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  • Germany

Germany's federal government and state premiers have agreed on a new coronavirus aid package worth up to 10 billion euros ($11.82 billion) to compensate firms forced to close due to a new round of lockdown measures, sources told Reuters on Wednesday.

Small and medium-sized firms will get 75% of their lost sales in November, two people familiar with the talks said. Large companies will get 70% of lost revenues for next month.

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