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Coronavirus

Netherlands Extends Support Package for Business

The Hague, Netherlands — The Dutch government has extended and expanded a multibillion-dollar support package for businesses hit by the coronavirus crisis.

The measures include loans, tax relief and help paying salaries. It's worth more than 13 billion euros ($14 billion).

The government says the aim is to protect as many jobs as possible for Netherlands businesses reeling from the economic fallout of the global pandemic. It follows a package announced in mid-March that’s been tapped by hundreds of thousands of businesses.

The government says it cannot prevent all job losses and bankruptcies and adds recovery of some sectors of the economy will take a long time.

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