Independent bookstores and publishing houses will benefit from a support plan

the Two funds of 25 and 5 million euro will be introduced as a complement of the first measures to support the supply chain book. The fund of support to destin

the Two funds of 25 and 5 million euro will be introduced as a complement of the first measures to support the supply chain book.

The fund of support to destination for independent bookstores and publishing houses, in trouble with the health crisis, will be set up, announced on Tuesday that the ministers of Economy and Culture. These support funds are in addition one of the first measures to support the supply chain book.

The first fund, of 25 million euros, will be destined for the independent bookstores to cope with their financial difficulties. The second, of € 5 million relates to the publishing houses with a turnover of between 100 000 and 10 million euros, said the release of the two departments.

The establishment of these funds will be recorded in the third project of finance law presented on Wednesday by the council of ministers.

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substantially all of the sales of the libraries lost during the closure

This plan is “intended to complement, and, in a targeted manner, the devices massive put in place by the government since the beginning of the crisis,” said Economy minister Bruno Le Maire, while more than 230 million euros are mobilized by the State in favour of the book since the beginning of the health crisis.

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A budget of 12 million euros will be used to promote the modernisation of the equipment of the libraries and to better organise the platforms of distance selling.

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A group of more than 600 publishers, authors and booksellers had called at the end of may, in a forum addressed to the head of State, to “save” the book trade. The complete closure of the libraries has resulted, for them, a loss of almost all of their revenue and over 80% for the publishing houses, said the signatories.

Date Of Update: 10 June 2020, 08:58

Categories: Optical Illusion
Source: newstars.edu.vn

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