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Covid-19: Germany paid 10,000 ME more in aid to companies

The German state paid € 10 billion more in aid to companies affected by the restrictions due to the covid-19 pandemic, according to accounts of the daily Die Welt, which cites data from the German Institute of Economics (IW).

Compensations to companies, which include up to 75% of losses compared to the invoiced in November 2019, ended up being in several cases higher than the revenues that would have been generated, according to the calculations.

This situation is especially evident in restoration, a sector that has been paralyzed since November 2 in Germany and for which it is not expected to reopen before January.

The newspaper’s estimates are based on IW’s calculations, according to which the compensations are not realistic in relation to what is really lost, since the costs they would have when remaining open are not properly considered.

Germany has surpassed 16,000 covid-19 deaths since the start of the pandemic, although there has been a downward trend towards new infections, according to data updated today by the Robert Koch Institute (RKI).

According to available information, Germany recorded 14,611 cases of covid-19 in the last 24 hours and 158 fatalities.

On Sunday of last week, the number of new infections was 15,724 cases and 138 deaths, according to the RKI.

Chancellor Angela Merkel and regional leaders agreed last Wednesday to extend current measures to the end of January, initially planned only for November.

This means that bars and restaurants will remain closed, as will gyms, museums, cinemas or concert halls.

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