Information for companies
This page shows links to the websites of other providers to enable access to information about dealing with the coronavirus. If you follow the references and links, you leave the VDA’s website. The VDA accepts no responsibility or liability for the correctness of information provided on the websites of third parties, and neither does it necessarily share any opinions publicized there.
Help with liquidity: KfW loans for companies
As part of the German Government’s package of measures, the Kreditanstalt für Wiederaufbau (KfW bank) has the task of facilitating the short-term supply of liquidity to companies. The KfW will use existing loan offers for companies, the self-employed and freelancers, and improve the conditions for accessing these loans. However, the loans are not subsidies or grants. To file an application, the companies have to go through their house bank or financing partner. Information about the products now available can be found on the KfW website.
Individual federal states: information and support for companies
Many of Germany’s federal states are supporting companies in their own region with their own, additional assistance programs, such as compensation for staff costs when employees are in quarantine, 72-hour express financial guarantees, hardship funds and other offers of aid. Further (selected!) information: North Rhine-Westphalia, Bavaria, Saarland, Baden-Württemberg, Hesse, Saxony, Rhineland-Palatinate, Lower Saxony
Employers’ association: information on labor law
The Confederation of German Employers' Associations (BDA) has produced a guide for dealing with the coronavirus. It outlines the consequences for employment contracts if employees are not working because of the coronavirus, and the impacts in cases where staff members are posted to other countries. In addition, it explains what preparations can be made to limit the internal consequences as far as possible. It also covers aspects of data protection law. The guide is available here on the BDA website (in German).