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France to expand financial aid for companies hit by COVID-19 pandemic

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Economy42 minutes ago (Jan 03, 2022 11:56)

© Reuters. FILE PHOTO: French Economy and Finance Minister Bruno Le Maire attends a news conference to present French government 2022 budget at the Bercy Finance Ministry in Paris, France, September 22, 2021. REUTERS/Gonzalo Fuentes

PARIS (Reuters) -France will spend about a hundred million euros to expand financial aid for companies hit by the COVID-19 pandemic, Finance Minister Bruno Le Maire said on Monday.

This will include lowering the threshold for companies to claim state support for turnover losses, he said, adding that all businesses in the tourism sector, in particular, will be eligible for help to cover costs linked to COVID restrictions.

“We will always be there,” he said.

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