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ARTICLE · 31 MARCH 2020

Next Steps For German Businesses Navigating The COVID-19 Pandemic

Gowling WLG
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As the impact of the Coronavirus (COVID-19) pandemic increases, more information on government support measures for businesses in Germany is becoming available.

GermanyCoronavirus (COVID-19)
Andreas Woelfle
Andreas Woelfle
Florian Holfeld
Florian Holfeld
Arnim Powietzka
Arnim Powietzka
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As the impact of the Coronavirus (COVID-19) pandemic increases, more information on government support measures for businesses in Germany is becoming available.

We want to provide you, your people and your business with the information you need to be able to manoeuvre through the current challenges without breaching any of your duties or obligations.

Germany update

The German government announced further measures to support businesses and household incomes. In an historic shift, the German government has committed to balancing the budget. A €156 billion increase in public borrowing (resolved by the German government on 23 March 2020) will be accompanied by state-backed loans for corporates and a €100 billion economic stabilisation fund for the government to take equity stakes in stricken companies.

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