Borealis Immediate Aid Fund
Many households in Austria are at risk of poverty and social exclusion caused by, among other things, the ongoing conflict in Ukraine. Therefore, in 2022, Borealis, in partnership with the Austrian Red Cross, launched the Borealis Immediate Aid Fund (Borealis-Soforthilfefond) to provide fast and unbureaucratic financial aid to prevent people in Austria from financial emergencies.
Fast Financial Aid in Emergency Situations
The economic crisis caused by the Ukraine war since 2022 has driven up inflation and interest rates, with households facing higher bills for food, rent, and other essentials, as well as spending more on servicing loans and other debts. As a result, an increasing number of people are at risk of eviction and homelessness, being cut off from electricity and heating or unable to pay for life-saving medication. In response, Borealis has joined forces with the Austrian Red Cross and launched the Borealis Immediate Aid Fund. Based on a needs analysis, the fund focuses on helping young families and elderly people in emergency situations, especially when no other support is available. In addition to receiving financial aid, recipients benefit from a consultation with the Austrian Red Cross to help them avoid similar situations in the future.
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Accessing the Immediate Aid Fund
Inquiries for support must be made via the Austrian Red Cross, and details on how to get access to the fund can be found below. Please note that information is available in German only.
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Borealis Collaborates with the Austrian Red Cross
Read here the latest media release announcing the Borealis collaboration with the Austrian Red Cross through the Borealis Immediate Aid Fund.
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Latest Newsletter by the Austrian Red Cross
Read here the latest newsletter by the Austrian Red Cross to get to know some of their activites of this year.
About the Austrian Red Cross
The Austrian Red Cross (German: Österreichisches Rotes Kreuz, ÖRK) is the national Red Cross Organization in Austria and is part of the International Red Cross and Red Crescent Movement. They are one of the biggest non-profit humanitarian organisation in Austria. Click below to find out more about their activities to assist those in need.
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