- Home
- Business
- Switzerland to Allocate Additional $219 Million to Support Business Amid COVID-19 Outbreak
Switzerland To Allocate Additional $219 Million To Support Business Amid COVID-19 Outbreak
GENEVA (UrduPoint News / Sputnik - 05th November, 2020) 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.
Recent Stories
Dubai’s Supreme Committee of Crisis and Disaster ..
Complaint against Glencore over Chad spill clears ..
US Pauses Arms Deals With UAE, Saudi Arabia - Repo ..
White House Says Telecom Equipment Made by Vendors ..
Trilateral Meeting on Karabakh to Be Held on Sunda ..
White House Says Telecom Equipment Made by Vendors ..
More Stories From Business
-
US Oil Group Sues Biden Administration to Challenge Ban on Leasing Federal Lands
12 minutes ago -
Biden Signs Executive Order to Halt New Oil, Gas Leases on Federal Land
2 hours ago -
Moscow's Budget Lost $9.3Bln Due to Pandemic in 2020 - Deputy Mayor
2 hours ago -
Hafeez hails UK support for economic development of Pakistan
2 hours ago -
Hafeez hails UK support for economic development of Pakistan
2 hours ago -
Moscow's Budget Lost $9.3Bln Due to Pandemic in 2020 - Deputy Mayor
3 hours ago -
Global stocks retreat as virus concerns mount
2 hours ago -
FM greets UK support for economic development of Pakistan
3 hours ago -
CNG station reopen in Islamabad, Punjab on regular basis: Paracha
5 hours ago -
US Stocks Tumble 2% Ahead of Fed Rate Decision Amid Talk of Market Bubble
6 hours ago -
Global stocks drop on growing virus concerns
2 hours ago -
US stocks sink on mixed earnings, valuation worries
2 hours ago
Education - Urdu News - Car Prices - Breaking News - English News - Live Tv Channels - Urdu Horoscope - Horoscope in Urdu - Muslim Names in Urdu - Urdu Poetry - Love Poetry - Sad Poetry - Prize Bond - Mobile Prices in Pakistan - PTV Sports - English to Urdu - Big Ticket - Translate English to Urdu - Ramadan Calendar - Prayer Times - DDF Raffle - Islamic Calendar - Events - Today Islamic Date - Travel - UAE Raffles - Travel Guide - Arabic - Urdu Cooking Recipes - Directory - Pakistan Results - Past Papers - BISE - Schools in Pakistan - Academies & Tuition Centers
