The affected companies in Saxony must repay their emergency coronavirus aid, but there is some relief. Saxony's Economics Minister Dirk Panter announced an unbureaucratic and flexible repayment process with clear rules. "No one should be overburdened financially and have existential fears," emphasized the SPD politician. However, the outstanding proceedings should not be completely set aside. "Because it's about the money of all taxpayers."
New interest regulations
All those affected will initially benefit from an interest-free repayment period of six months. Subsequently, a fixed interest rate of between 0.5 percent for twelve months and 1.5 percent for 36 months will be granted. Panter emphasized that all those affected must participate in the repayment procedure of the Sächsische Aufbaubank (SAB). The bank has set up a hotline for this purpose (0351 4910 4999). The most important information can also be found at "www.sab.sachsen.de/corona-rueckmeldeverfahren".
