Financially Struggling Christmas Market Stall Vendors in Magdeburg Seek Compensation
Nation evaluates potential remuneration for firms post assault - Examining Compensation for Businesses Through Estimated Payouts
After the horrific attack on the Christmas market in Magdeburg, local merchants are seeking remuneration to cover their losses. The regional Ministry of Economics has received 58 applications for what they call 'fair payments', a spokesperson confirmed. They aim to decide on all applications by the end of August.
These payments include costs such as employee wages, rental fees for stalls or shops in the aftermath of the tragic events on December 20. The exact sum of the compensation will be determined once all applications have been reviewed thoroughly.
Meanwhile, the Magdeburg city council is evaluating financial relief for the affected vendors. This week, several parties tabled a motion urging the city's mayor Simone Borris (independent) to assess appropriate compensations. The initial refund of the proportional stall fee for the eight missed days are deemed insufficient, as per the motion. The economic loss, coincidentally, matches the revenue drop during the Corona pandemic, they argue.
The estimated sales loss for the stall vendors is around two million euros, with the final days of the Christmas market typically being the most lucrative. The motion was filed by, amongst others, the SPD, CDU, FDP, Greens, Volt, Animal Protection Alliance and Animal Protection Party.
- Christmas market
- Economic Losses
- Compensation
- The regional Ministry of Economics, in response to the economic losses experienced by local merchants at the Christmas market in Magdeburg, has received 58 applications for 'fair payments', also known as compensation.
- The motion filed by several parties, including the SPD, CDU, FDP, Greens, Volt, Animal Protection Alliance, and Animal Protection Party, urges the city's mayor to assess appropriate compensation for the affected vendors, arguing that the initial refund of the proportional stall fee for the eight missed days is insufficient.
- The financial relief for the affected vendors, being evaluated by the Magdeburg city council, includes costs such as employee wages, rental fees for stalls, or shops following the tragic events on December 20.
- The estimated sales loss for the stall vendors at the Christmas market is approximately two million euros, with the final days of the Christmas market typically being the most lucrative, making compensation essential.
