OPSI COVID-19 Innovative Response Tracker

Austria uses explanatory youtube videos for the processing of aid funds for the economy

Innovative response

The Austrian Business Service (AWS) website has detailed various initiatives about the Austrian government's responses for businesses, and used youtube videos to help better explain and communicate particular initiatives.

Specific issues addressed and anticipated impact

The government website embeds youtube videos to help explain various particular initiatives, including:

Fixed cost subsidy as part of the Corona aid fund:
As part of the Corona aid fund, the Austrian Government announced a fixed cost subsidy in order to support the Austrian economy. The aid measure is intended for companies which suffered a drop in sales of at least 40 percent due to the Corona crisis. Payments take place after the actual economic damage is being determined.

AWS bridge-finance-guarantees in the context of the Coronavirus crisis:
As Austrian companies are economically affected by the Coronavirus, the AWS bridge-finance-guarantees are significantly expanded as part of the government’s EUR 15 billion aid fund.

Organisations/institutions involved

Austria Business Service  (AWS), Federal Ministry for Digital and Economic Affairs and Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology

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Relevant URL(s): https://www.aws.at/
Level(s) of government:
  • National/Federal government

Issues being addressed:

  • Information and practice sharing (with public and/or internal)
  • Governance responses