Home » News » Finanz transferred 815 million euros to Covid aid to Salzburg

Finanz transferred 815 million euros to Covid aid to Salzburg

Most of the money went to hotels and restaurants.

SN/BARBARA GINDL / APA / picturedesk.com

The omens for the past winter season were bleak. Despite the lifts being open, it was a total failure for the hotel and catering industry.

The winter season was a total failure because of the Corona lockdown for the catering and hotel industry. The sums that the Federal Covid-19 Financing Agency (COFAG) has since paid out corona aid to the companies in order to save the companies from bankruptcy are correspondingly high. In the course of 21,261 approved applications, more than 442 million euros had flowed to the industry as lockdown sales compensation, fixed cost subsidies, cancellation bonus and loss compensation by mid-June. The comparison illustrates that the tourism-dependent companies are the main victims of the crisis: On the …

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