Can we get the thread back on track, please. Yes, I realize that most people who were rejoicing of the (perceived) thought of Norwegians demise, are probably in deep poo themselves right now, but just sharing great news from Norway.
Norway will offer companies at least 100 billion Norwegian crowns ($9.7 billion) in funding in the form of guarantees for loans and bond issues to support the economy during the coronavirus outbreak, the government said on Sunday.
“The government will do what’s needed and spend the necessary funds to secure the Norwegian economy and support Norwegian businesses, big and small,” Prime Minister Erna Solberg told a news conference.
The Nordic country invoked emergency powers on Thursday to close a wide range of public and private institutions, including schools and restaurants, in a bid to combat the spread of coronavirus.
The business support package was divided into loan guarantees of 50 billion crowns to small and medium sized companies seeking bank loans, and the same amount in the form of government guarantees to large firms issuing corporate bonds.
In addition, payments of payroll taxes will be postponed, the government added.
Further measures for industries that have been particularly hard hit will also be presented at a later time, Finance Minister Jan Tore Sanner said.
Last edited by uncle-traveling-matt; 15th Mar 2020 at 20:35.