The reduction from ten to five percent for drinks, food and overnight stays will not be extended again beyond the turn of the year. Gastronomy and the hotel industry have recently insisted on an extension: Due to the previous lockdown, hardly any sales have been achieved and therefore have not benefited from the measures.
Wifo boss Gabriel Felbermayr had recently argued that the help was not very accurate. He expects a “strong demand” anyway, which means that the catering industry can easily pass on the increases.
The poor implementation of the sales tax cut took place yesterday Andreas Stangl, President of the Upper Austrian Chamber of Labor, criticized: The measures did not support the consumers, but only the companies. The measure also only helped companies that had already done well.
Many are dissatisfied with help
Two thirds of the 1000 medium-sized companies affected by the lockdown are dissatisfied with the Cofag economic aid. This is the result of a survey by the consulting firm “Finanzombudsteam”. 95 percent would like an accelerated payout by the federal Covid funding agency.
55 percent want more help. In three quarters the consulting costs for the application exceeded 5000 euros.
Source: Nachrichten
