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On Friday 7th of August 2020, the Kingdom of Belgium officially requested financial assistance under the SURE instrument of the European Union for a total amount of EUR 7.77 billion. The amount represents Belgium’s public expenditure that is due to the adoption of national measures directly related to short time work schemes and similar measures to address the economic and social effects of the exceptional occurrence caused by the COVID-19 outbreak. Of the total amount of EUR 7.77 billion,…

Deputy Prime Minister and Finance Minister Alexander De Croo confirms that a draft agreement has been reached with Lufthansa Group and Brussels Airlines for the rescue of Brussels Airlines. Yesterday evening, the Minister explained the agreement reached to the federal inner cabinet.The Finance Minister emphasises that the State aid, combined with the social partnership agreement and the new business plan, should lead to profitable growth for Brussels Airlines in the wake of the corona crisis.…

The European Commission's recovery plan strikes a good balance between solidarity and responsibility. 

Prime Minister Sophie Wilmès, Deputy Prime Minister and Minister of Finance Alexander De Croo and Minister of Employment Nathalie Muylle met today with Carsten Spohr, Chairman of the Executive Board and CEO of Lufthansa Group, Thorsten Dirks, Co-chairman of Brussels Airlines and member of the Executive Board of Lufthansa Group and Dieter Vranckx, CEO of Brussels Airlines. The Federal Government of Belgium expressed the importance it attaches to the proper follow-up of restructuring…

Deputy Prime Minister Alexander De Croo will release five million euros for the development of a coronavirus vaccine. These funds will go to the Coalition for Epidemic Preparedness Innovations (CEPI), an international alliance of public and private partners, which intends to accelerate the development of a vaccine against COVID-19.