Bavarian companies have now received more than seven billion euros as corona aid. The Chamber of Commerce and Industry (IHK) for Munich and Upper Bavaria announced on Friday that it is entrusted with the processing of federal programs in the Free State. Accordingly, around 300,000 applications have been received there so far, “of which more than 280,000 have been finally processed”. In the event of a successful application, the average payout was just under 26,000 euros. Almost half of the approved funds – 46 percent – went to the hospitality industry. The IHK processes the bridging aid I to III, the restart aid, November and December aid and the Bavarian October aid.