Thread by @Xy5Z89

#Germany #Coronavirus #Aid

The first funds from the Corona December aid should arrive at affected companies and the self-employed from Tuesday. The down payments have started, said the Federal Ministry of Economics.

The advance payments are an advance payment for later payments. Business associations had repeatedly expressed criticism of the slow implementation of the aid. Companies receive down payments of 50,000 euros, and solo self-employed up to 5000 euros.

This already applies to the November aid. The federal government had decided to provide billions in aid for companies, for example in the catering sector, which had to close their business operations since the beginning of November due to the partial lockdown.

Sales losses of up to 75 percent compared to the same month of the previous year are reimbursed through subsidies. In the case of bridging aid III, which covers the funding months from January, fixed operating costs such as rents and leases are reimbursed.