BayRadio Listen Live Broadcasting in Spain
THE Spanish government has announced a €11 billion support package for the tourism and hospitality sectors hit by the economic fallout of the Covid-19 crisis.
The aid is aimed at “companies, small and medium-sized enterprises and self-employed workers” according to Prime Minister Pedro Sánchez.
Announcing the financial lifebelt, the premier told the Congress of Deputies in Madrid: “We do not just want to save businesses but to strengthen them as well.”
The two sectors have been hardest hit by the pandemic and its restrictions, triggering historic slumps in revenue. The prime minister said the package would help improve the solvency of struggling businesses to resume activity as the recovery took place.
And he said he wanted to help sectors that were “competitive before the pandemic” but were now “in a difficult situation”.
It is not yet known whether help will come in the form of direct aid or tax breaks and interest free loans – government reports have indicated direct aid was needed to save businesses, especially small enterprises.
Written by: BayRadio News
Ctra. Cabo La Nao, CC La Nao, Local 6 03730 Javea, Alicante, Spain
Do you have a business in Spain? Do you provide a service to the expat community in Spain? Would you like your message to reach over 500.000 people on a weekly basis?
BayRadio is a community orientated radio station offering fantastic content to our many listeners and followers across our various platforms. Contact us now and find out what Bay can do for you!
Our business is helping your business grow.
BAY RADIO S.L. © 2024. ALL RIGHTS RESERVED. WEB DESIGN BY MEDIANIC