COFAG – a story full of bankruptcies, bad luck and accidents. Now this Corona chapter should be finished. But there is heavy criticism. Hundreds of companies are still waiting for money. Viennese companies in particular are affected. While billionaires like René Benko received millions from COFAG for its ventures and hundreds of employees lost their jobs, others are still waiting for help. Something is really wrong there. We have the background.
During the pandemic, thousands of domestic businesses had to temporarily close. As compensation, the government paid out about 15 billion euros through the “Covid-19 Financing Agency” (COFAG). Now it must be resolved. This was announced by Finance Minister Magnus Brunner (ÖVP) at the end of June, which led to great horror among entrepreneurs and economic experts.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
