Germany gives EUR 1 billion in aid to the country's shipping sector

Germany becomes the first major European nation to announce a state aid package to help kick-start the country's economy after the coronavirus crisis. EUR 1 billion are earmarked for the shipping sector and EUR 9 billion for hydrogen production.

Photo: John Macdougall/Pool via Reuters/Ritzau Scanpix

Germany now earmarks EUR 1 billion for the country's shipping sector as part of a large-scale state aid package totaling EUR 130 billion aimed at helping get Europe's largest economy back on track after the coronavirus crisis, reports Hansa-Online.

On Wednesday the parties in Germany's coalition government agreed on an economic stimulus package totaling EUR 130 billion.

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