France plans to restart the economy by € 100 billion

News

France plans to restart the economy by € 100 billion

04.09.2020 News

In France, the government has unveiled a draft plan to restart the 100 billion-euro economy amid a crisis over the coronavirus pandemic. This was reported by BFMTV on Thursday, September 3.

The document was released by the Prime Minister Jean Castex after months of consultations with economists, trade unions and other stakeholders. This economic aid package could be the country’s most expensive plan, with 100 billion euros accounting for about 4% of France’s GDP.

Among the priorities of the plan – the restoration industry, so-called “energy transition” and support employment.

In particular, the restoration industry proposes to allocate 35 billion euros. This includes tax cuts for businesses (an average of 10 billion in 2021 and 2022), relocation of some businesses and innovation.

The goal is to return the money that is now being invested in maintaining jobs and creating new ones in the form of GDP growth in five years. That is why the government decided to support the company, rather than provide direct assistance to households.

30 billion euros are allocated for the energy transition unit. These include the thermal modernization of buildings, the expansion of hydrogen uses and the promotion of environmentally friendly modes of transport, including through the improvement of the cycle path network. Minister of Economy and Finance Bruno Le Mera believes that these investments will “pay off” in 10-15 years.

Finally, it is proposed to send 28 billion of euros to the employment support unit. It also includes support for the employment of young people, which will enter the labor market this year, and the creation of a total of 160 thousand jobs in 2021 and another 240 thousand in 2022. At the same time slightly reduce targeted assistance to households most affected by the crisis.

Other articles

  • Lufthansa has announced large-scale job-cuts
    News

    Lufthansa has announced large-scale job-cuts

    By the end of this year, the German airline Lufthansa intends to reduce its foreign staff by 20 thousand people, as well as sell its LSG division, which deals with on-board catering, which employs 7.5 thousand people. Lufthansa subsidiaries Eurowings, Swiss, Austrian and Brussels Airlines are reducing the frequency of flights, fleets and staff amid […]

  • General Motors reports profit growth of 74%
    News

    General Motors reports profit growth of 74%

    Shares of General Motors, down by 3.7% since the beginning of the year, rose by 3.9% in trading after the company announced the results of the 3rd quarter, which ended on September 30. General Motors reported earnings per share increase of 65% to $ 2.83, which was higher than analysts expected $ 1.38. The amount […]

  • Peloton’s revenue exceeds Wall Street estimates for the fifth consecutive quarter
    News

    Peloton’s revenue exceeds Wall Street estimates for the fifth consecutive quarter

    Shares of Peloton, which rose nearly 346% since the beginning of the year, rose 2% during trading on Friday after the company published the results of the first quarter of fiscal 2021, which ended September 30. Peloton, which went public a little over a year ago, reported earnings per share for the second quarter in […]

  • Starbucks demonstrates rapid sales recovery
    News

    Starbucks demonstrates rapid sales recovery

    Shares of Starbucks recovered from losses of February and March due to the pandemic and rose by 19.7% over the past 6 months. But shares fell again after the publication of the quarterly report, which ended September 30. Starbucks revenue and profit for the 4th quarter of fiscal 2020 showed a strong jump in growth […]

  • AMD will merge with rival Xilinx by exchanging shares
    News

    AMD will merge with rival Xilinx by exchanging shares

    American chipmaker Advanced Micro Devices Inc (AMD) is buying rival Xilinx Inc for $ 35 billion under a deal that it will be paid for in full by AMD shares. According to a press release from AMD, the operation will create a company worth about $ 135 billion. “The acquisition of Xilinx will allow AMD […]

  • Apple, Alphabet, Facebook and Amazon report earnings this week
    News

    Apple, Alphabet, Facebook and Amazon report earnings this week

    In the last week of October, investors expect a lot of news, as more than one-third of the components of the S&P 500 index, or 186 companies, must report financial results for the third quarter. The information field is even richer given the election race in the United States, the situation with the pandemic and […]

  • Adidas may sell Reebok
    News

    Adidas may sell Reebok

    According to Bloomberg, a source familiar with the situation, German manufacturer of sportswear and accessories Adidas AG is considering the possibility of selling its brand Reebok. “In the coming months, the company will decide whether to start the sale process,” the source said. According to the interlocutor of the agency, the internal assessment of sales […]

  • Lamborghini has set the car sales record
    News

    Lamborghini has set the car sales record

    In September 2020, the Italian company Lamborghini sold 738 cars worldwide. This is a new record for the company, according to its website. At the same time, in the third quarter of 2020, 2,083 Lamborghini cars were sold worldwide. In the spring of this year Lamborghini was forced to close all its plants for two […]

Read also

France plans to restart the economy by € 100 billion
News

The National Bank of Ukraine has liquidated the Soyuz bank for the systematic violation of the law

The National Bank of Ukraine (NBU) has decided to revoke the banking license and eliminate the Soyuz  bank. It is reported by the National Bank press service. The liquidation of the bank will be held under the compact procedure due to violations in the sphere of financial monitoring legislation, –  noted in the NBU. “The […]

Next
France plans to restart the economy by € 100 billion
News

The State Property Fund sold the distillery for UAH 60 million

The State Property Fund of Ukraine sold the Sukhodol distillery in the Lviv region to a private investor for UAH 60.3 million. This was reported by the state concern Ukrspirt, which included the company. The starting price at the auction increased 2.8 times, starting from UAH 21.7 million, Ukrspirt said. Sukhodolsk distillery became the sixth […]

Next
France plans to restart the economy by € 100 billion
News

Poland will issue another five thousand transportation permits for Ukraine

At a meeting of the Joint Commission on International Road Transport Union, Ukraine and Poland agreed to allocate 5,000 additional permits for Ukrainian carriers for 2020. Vladyslav Kryklii, the head of the Ministry of Infrastructure announced it on Friday, November 20 on his Facebook page. “Our carriers will receive the first permits in early December. […]

Next
France plans to restart the economy by € 100 billion
News

Important events in the business world for a week

LDaily prepared  the short overview of latest news in the sphere of business and finance for last week for the readers. If you missed something, it would  a good opportunity  to correct it. 1. Yaroslav Gregirchak: «Ukraine has to look as a competitive option for investment in the “supermarket” of national jurisdiction» A shoppy talk […]

Next
France plans to restart the economy by € 100 billion
News

Real Case Studies and Productive Networking: Reasons to Attend AI Conference Kyiv

The next week, on June 4, Smile-Expo will host large-scale AI Conference Kyiv. The event will focus on the use of artificial intelligence in business and will bring together leading industry experts. Who and why should attend the conference – further in the article. Four Reasons to Attend AI Conference Kyiv 1. Seven hours of […]

Next
France plans to restart the economy by € 100 billion
News

The Swiss company has become a co-owner of the Ukrainian business Rosneft

The Swiss company Glusco Energy S.A. received the permission from the Antimonopoly Committee of Ukraine for the acquisition of a 50% stake in Rosneft Management Company Ltd and Fargrade Ltd. It became known from the information posted on the official website of the Ukrainian regulator. The cost of the transaction was not disclosed. Registered in […]

Next
France plans to restart the economy by € 100 billion
News

The IMF named the condition for the completion of the corona crisis

The world economy is on the road to recovery amid the pandemic COVID-19, however, the final completion of the corona crisis is possible only in the case of mass use of the vaccine. This was stated by IMF chief Kristalina Georgieva and Chief Economist of Fund Gita Gopinath in their joint paper of the magazine […]

Next
France plans to restart the economy by € 100 billion
News

There are no threats of visa-free travel with the EU, – Kuleba

Currently, there are no threats to Ukraine’s visa-free travel with the European Union. Required joint efforts of all political forces in Ukraine to continue the movement towards the EU. This was stated by the Minister of Foreign Affairs of Ukraine Dmytro Kuleba on the talk show “Freedom of Speech” on ICTV. According to him, there […]

Next
France plans to restart the economy by € 100 billion
News

«Veni, vidi, vici» or proper realization of business strategy

In the 9th year AD, the Roman proconsul Publius Quinctilius Varus returned to the German provinces with three legions to suppress the rebellion of the tribe. He did it successfully three years earlier – but this time, the enemy has decided to change strategy, and the legions were destroyed. Last cry of Varus is known […]

Next
France plans to restart the economy by € 100 billion
News

The Dow Jones index exceeded 30,000 points for the first time in history

The Dow Jones and S&P 500 stocks hit record highs on Tuesday, November 24 amid official news of the transfer of power in the United States and progress in the development of coronavirus vaccines. In particular, the Dow Jones industrial index rose by 1.5% and for the first time in history exceeded 30,000 points. According […]

Next
France plans to restart the economy by € 100 billion
News

The court arrested the shares and assets of the Odessa oil refinery

The Primorsky District Court of Odessa arrested the property and the shares of the Odessa oil refinery of the prosecutor’s office suit and the application of the state enterprise Ukrtransnefteprodukt, which was all movable property of the refinery previously transferred to. This is stated in the judgments  from 19 January. The arrest imposed on the […]

Next
France plans to restart the economy by € 100 billion
News

The EU is asking Facebook to suspend the transfer of its users’ data to the United States

The European regulator on personal data protection has sent a preliminary order to American Facebook to stop the transfer of data of its users in the United States, according to the Wall Street Journal, citing sources familiar with the situation. “The EU’s privacy regulator has sent a preliminary order to Facebook for suspending the transfer […]

Next
France plans to restart the economy by € 100 billion
News

Britain reduced its shares in Lloyds to less than 6%

On Monday, the Cabinet of Ministers of the United Kingdom officially announced the implementation of more than 700.000 million shares of the largest national retail bank Lloyds Banking Group total value of which, at the close of the stock market on Friday, estimated at 481 million pounds. Thus, a majority of assets owned by the […]

Next
France plans to restart the economy by € 100 billion
News

UBRD sold to China Company

The State Property Fund of Ukraine representative informed that 99,99% of Ukrainian Bank for Reconstruction and Development (UBRD) had been sold to Bohai Commodity Exchange within the auction second round. The State Institution posted this information on the official web-site. The transaction value consists 82,8 million UAH. The asset’s cost of Ukrainian bank was underestimate […]

Next
France plans to restart the economy by € 100 billion
News

India increases the purchasing of Ukrainian wheat

 As Yaroslav Levitskyi, Pro Agro Company analyst mentioned, in this season the India could be one of the three potential buyers of Ukrainian wheat. Now it the one of the biggest importer of Ukrainian sunflower oil and the pea. The main reason for it is a lacking volume and high local wheat price in India. […]

Next
France plans to restart the economy by € 100 billion
News

“Klub Syra” enters the EU market

The “Klub syra” Company is considering the possibility of cheese deliveries to Romania and Bulgaria and deliveries  of dry fat-free to  Romania, Bulgaria and Poland. This was announced by the CEO of the company Maxim Rylik, writes “Ukrainian News”. “As for the European Union, today  we are considering the issue of the exports in direction […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com