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Switzerland to allocate additional $219 million to support business amid COVID-19

Geneva [Switzerland], November 5 (ANI/Sputnik): The Swiss government will allocate an additional 200 million francs ($219.4 million) to help companies cope with the difficult economic situation in the wake of the COVID-19 pandemic, the Federal Council said in a statement.

ANI Nov 05, 2020 11:57 IST googleads

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Geneva [Switzerland], November 5 (ANI/Sputnik): The Swiss government will allocate an additional 200 million francs ($219.4 million) to help companies cope with the difficult economic situation in the wake of the COVID-19 pandemic, the Federal Council said in a statement.
The money, in particular, will be used to pay guarantees, loans, or gratuitous contributions. Loans, sureties, and guarantees will have a maximum duration of 10 years.
The decision is expected to take effect in early December. (ANI/Sputnik)

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