Financial Assistance: State Evaluating Compensation for Businesses Post-Attack
Following the assault, nation examines benefits offered to commercial enterprises. - Assessing Company Compensation Through Calculated Estimates
In the wake of the chaos at the Christmas bash in Magdeburg, the German state of Saxony-Anhalt is still reviewing financial assistance for the operators of the festive market booths. A spokesperson from the Ministry of Economics confirmed 58 applications for what they're calling goodwill payouts have been submitted so far. They aim to decide on all applications by the end of August.
These payouts cover various expenses, such as staff wages and booth or shop rental fees after the tragic incident on December 20th. The exact amount of compensation will be determined once all applications have been thoroughly reviewed.
Multiple parties in the Magdeburg city council are also clamoring for financial aid for the booth operators. A motion tabled this week urged the city's independent Mayor, Simone Borris, to look into suitable remuneration. The initial refund of a proportional booth fee for eight missed days, along with a partial compensation for ruined or unsold goods, isn't deemed adequate by the motion. "The economic damage inflicted is akin to the revenue losses during the Corona pandemic," the motion states.
The estimated revenue losses for the booth operators are approximately two million euros, with the final days of the Christmas market traditionally being the most lucrative. The motion was supported by the SPD, CDU, FDP, Greens, Volt, Animal Protection Alliance, and Animal Protection Party.
Notably, although the attack in Magdeburg resulted in significant casualties, injuries, and disruptions to local commerce, official statements from Saxony-Anhalt state officials and reporting on security measures have yet to address business compensation[4][5][3]. As of now, no publicly available, detailed information confirms a specific compensation status or ongoing financial aid programs for businesses directly affected by the attack. If businesses are seeking additional support, it hasn't been acknowledged in current reporting.
- The Magdeburg city council is advocating for vocational training programs as part of the community policy to help the booth operators return to their retail business post-attack, providing them with new skills to cope with financial challenges.
- To ensure the long-term sustainability of the businesses affected by the attack in Magdeburg, industry leaders are calling for the allocation of funds towards vocational training in various sectors, including finance and retail, thereby promoting the growth and resilience of local businesses.
