State Probes Financial Help for Businesses after Christmas Market Attack in Magdeburg, Saxony-Anhalt
Company's financial liability following a cyberattack assessed by country - Assessing Business Compensation Through Calculated Estimates
Yo, mate! It's all about the reporting on the potential financial aid for the operators of the Christmas market stalls following the devastating attack in Magdeburg, Saxony-Anhalt. As of now, a whopping 58 applications for something called ex gratia payments have been filed, and the Ministry of Economics is hoping to hash things out by the end of August.
Here's the lowdown: these payments will help cover costs like personnel expenses and rental fees for the period following the attack on December 20. The total payout will be determined once all applications are properly scrutinized.
Now, let me tell you a bit more about what's going on in the Magdeburg city council. They're also weighing in on this issue, requesting assistance for the stall operators. In a heartfelt motion, various factions have encouraged the independent Mayor of Magdeburg, Simone Borris, to consider appropriate compensation. The current proposal of reimbursing a portion of the stall fee for the eight missed days and partially covering losses from spoiled or unsold goods is considered insufficient, the motion explains. "The economic damage is akin to the revenue losses during the Corona pandemic."
I should mention that these revenue losses for the stall operators are estimated to have amounted to approximately two million euros. The last days of the Christmas market are traditionally the most profitable, and it's clear that this year's attack has made a substantial impact on their earnings. The motion was supported by multiple parties, including the SPD, CDU, FDP, Greens, Volt, Animal Protection Alliance, and Animal Protection Party.
Oh, and in case you're curious, that Christmas market attack in December 2020 in Magdeburg involved a car slamming into the market, resulting in six deaths and close to 300 injuries. Ugh, talk about a nightmare before Christmas!
- Magdeburg Christmas Market
- Saxony-Anhalt
- Business Compensation
- Criminal Attack
The proposed compensation for the operators of the Magdeburg Christmas Market, following the tragic attack in December 2020, involves reimbursing a portion of the stall fee for the eight missed days and partially covering losses from spoiled or unsold goods. This compensation is currently seen as insufficient, according to a motion passed by various factions in the Magdeburg city council, including the SPD, CDU, FDP, Greens, Volt, Animal Protection Alliance, and Animal Protection Party. To better understand the situation, it's important to consider the community policy regarding such incidents, and vocational training programs could potentially be a resource for these businesses in recovering and rebuilding.
