Economy 150,000 shops closed, the cost of aid increases to...

150,000 shops closed, the cost of aid increases to 11 billion euros per month

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648x415 coronavirus 150 000 commerces fermes le cout des aides passe a 11 milliards d euros par mois

Coronavirus: 150,000 shops closed, the cost of aid increases to 11 billion euros per month (Illustration) – ALLILI MOURAD/SIPA

After Emmanuel Macron’s speech, the bill. The extension of business closures to the whole of the territory will increase the number of closed establishments from 90,000 to 150,000, while the total cost of aid and compensation to businesses increases to 11 billion euros per month, indicated Wednesday the Ministry of the Economy.

This sum includes the total cost of the solidarity fund, partial unemployment for the State and exemptions from social contributions, including for establishments which remain open but are strongly impacted by the crisis.

Liquidation of stocks and financial compensation

The government has repeatedly adjusted the system of partial compensation for loss of turnover by the solidarity fund, and this year added partial coverage of fixed costs.

The government is also considering the possibility of allowing traders to liquidate their stocks outside the sales period and financial compensation for unsold stocks.

Partial activity allows the employee who is not working to receive 84% of his net salary, the employer having a remaining charge of 15%, except in the sectors most affected by the crisis.

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