The subsidies are expected to be about 2 billion euros ($2.11 billion), Bloomberg reported, citing two people who attended an event about the funding plans. A spokesperson from the Economy Ministry said he could not confirm this figure and told Reuters the ministry plans to provide needs-based funding “in the low single-digit billion range.” “Funding is to be provided for the establishment of modern production capacities that significantly exceed the current state of the art,” the spokesperson from the Economy Ministry told Reuters.
Government
