Ireland to offer more targeted financial aid from Q3: Minister

DUBLIN, Feb 18 (.) – Ireland will provide more targeted financial support to sectors most affected by the COVID-19 pandemic starting in the third quarter, including aviation, tourism, hospitality and the arts, according to the country’s economy minister declared on Thursday.

Euro zone finance ministers are likely to decide between March and May how and when states should start reducing aid to their respective economies as vaccination campaigns allow restrictions to be lifted, European authorities have said. week.

Irish Deputy Prime Minister Leo Varadkar has said that Dublin will extend its three main benefits until the second quarter: an increase in unemployment benefit for workers who have been temporarily laid off due to the pandemic, a program of wage support and subsidies for companies that have been forced to close for a long time.

“In the short term, the government will extend the fundamental financial aid that is in force to the second quarter,” he said.

“We will also provide more targeted financial support beyond the second quarter to those sectors that have been particularly affected by this pandemic, such as aviation, tourism, hospitality, the arts and entertainment.”

The Irish Restaurant Association has reacted positively to Varadkar’s effort to offer additional support.

(Information from Padraic Halpin; edited by Toby Chopra; translated by Flora Gómez in the Gdansk newsroom)