Newsletter registration

By using our website, you are agreeing to cookies being stored and Google Analytics being used on your device in order to offer the best possible service. You can find more information on thishere.
Where Your Profits Grow Sky High.

€ 38 Billion Economic Aid Package in Detail

Representatives of the Austrian Federal Government © Federal Chancellary of the Republic of Austria

Payments from the € 1 billion Hardship Fund should begin in the coming week. It was set up for the purpose of providing assistance to self-employed persons and small businesses. Payments of € 1,000 should be made immediately in the initial phase, and a maximum of € 6,000 is possible in the second phase, according to Federal Chancellor Sebastian Kurz, Vice-Chancellor Werner Kogler, Federal Minister of Digital and Economic Affairs Margarete Schramböck and Minister of Finance Gernot Blümel at yesterday's press conference. The applications will be handled by the Austrian Federal Economic Chamber.

Loans only have to be partially repaid

The € 15 billion Emergency Fund is designed to aid sectors directly impacted by the coronavirus, such as the gastronomy and retail sectors. The Emergency Fund will make a mix of loans and grants available to preserve the liquidity of companies. Loans amounting to a maximum of a firm's quarterly revenue can be granted, with interest rates kept as low as possible.
The priority is to make money available to companies as quickly as it can be done, implementing the program on a goodwill basis as much as possible and requiring only as much control as necessary. Federal Minister of Digital and Economic Affairs Schramböck emphasized the fact that "this involves support provided by the Hardship Fund, not a loan. The money does not have to be repaid."



Read more about possible legal and tax implications and developments due to the coronavirus.

Share on Facebook Share on Facebook Share on Twitter Share on Twitter Share on Linkedin Share on Linkedin



Meet us at events, seminars and trade shows - worldwide.

Austria Map

Find the perfect location for your company

Thanks to a fantastic mindset, our employees at the Villach site have built up a unique expertise which helps us to further strengthen our position on the global market. We fuse high-performance manufacturing with research and development in the field of power electronics. In addition to a very good cooperation with partners and networks, a well-developed landscape of 'talent factories' ranging from higher technical colleges to universities, we as a company also value the outstanding model of research promotion which exists in Austria.


Logo Infineon
More testimonials

news from the business location Austria

Less gold is sometimes better

Using an ultra-thin gold layer, scientists at the Vienna University of Technology succeeded in creating an almost optimal infrared absorber.

Silicon Austria Labs: Top Research Centre in the Field of EBS

Since 2018, Silicon Austria Labs (SAL) has been enriching the European EBS ecosystem (EBS=Electronic Based Systems). The special feature of this research centre is that it conducts international oriented, multidisciplinary and collaborative research along the entire EBS value chain, from sensors to integrated systems.

More news All blog posts