"Club 3" debate
COFAG: “Many companies have fallen through the cracks”
In the current "Club 3" program, lawyer and COFAG expert Gerald Waitz, U-Committee Chairman (FPÖ) Christian Hafenecker and Samy El Makarem alias "Funding Minister" discuss the COVID-19 Federal Funding Agency (COFAG). Presenter Tanja Pfaffeneder leads through the program.
The COVID-19 pandemic has had a massive economic impact worldwide. In Austria, the COVID-19 Federal Financing Agency - COFAG for short - was founded at the end of March. The aim was to contain the economic damage and stabilize the Austrian economy, or so it was said.
In practice, however, it often turned out that companies had to wait years for urgently needed funding or applications were even rejected. Many companies were left empty-handed, says lawyer Gerald Waitz. At the time, his law firm developed its own information page to clarify the legal issues.
"Far too complex"
But was the support distributed fairly? The co-discussants agree: No! Small companies often had no chance. "There should be more contact points and it shouldn't be so complicated," says Samy El Makarem, who has since become known as the "funding minister". "Favorites of the governing parties, especially the ÖVP, were lavishly served," says FPÖ politician Christian Hafenecker. Specifically, according to Hafenecker, they want to clarify why the government did not manage to create EU-compliant guidelines for COFAG from the outset.
You can watch "Club 3" every Tuesday from 22:15 on krone.tv
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