The Swiss government will allocate an additional 200 million francs ($219.4 million) to help compes 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. (/Sputnik)
( With inputs from ANI )
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor