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Tag: aid

State aid: EU Commission approves €199.45 million Italian support to compensate Alitalia for damages suffered due to coronavirus outbreak

The European Commission has found Italian €199.45 million support in favour of Alitalia to be in line with EU State aid rules. The measure aims at compensating the airline for the damages suffered due to the coronavirus outbreak. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “This measure will enable Italy to compensate […]

State aid: EU Commission approves €7.6 billion Italian tax schemes to support companies and self-employed workers affected by coronavirus outbreak

The European Commission has approved four Italian aid schemes to support companies and self-employed workers affected by the coronavirus outbreak. The four measures, which are part of a wider Italian support package included in the so-called “Decreto Rilancio”,were approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended […]

State aid: EU Commission approves €280 million Cypriot schemes to support companies and self-employed affected by coronavirus outbreak

The European Commission has approved two Cypriot schemes providing direct grants and subsidised interest rates to companies and self-employed workers affected by the coronavirus outbreak. The schemes were approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020 and 8 May 2020. The first […]

State aid: EU Commission approves a €2.6 million Czech scheme to support companies affected by coronavirus outbreak in the Moravia-Silesia region

The European Commission has approved a €2.6 million Czech scheme to support companies affected by the coronavirus outbreak. The scheme, set up by the Moravia-Silesia region, was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020 and 8 May 2020. The public support […]

State aid: EU Commission approves €50 million Lithuanian measures in support of companies operating in the travel sector affected by the coronavirus outbreak

The European Commission approved two Lithuanian measures, with an estimated total budget of €50 million, to support travel agencies, tour operators, accommodation and catering businesses which were affected by the measures adopted by the Lithuanian authorities to face the coronavirus health emergency. The measures were approved under the State aid Temporary Framework adopted by the […]

State aid: EU Commission approves €40 million Portuguese scheme to support companies affected by the coronavirus outbreak in the autonomous region of Madeira

The European Commission has approved a €40 million Portuguese scheme to support companies affected by the coronavirus outbreak in the autonomous region of Madeira. The scheme was approved under the State aid Temporary Frameworkadopted by the Commission on 19 March 2020, as amended on 3 April 2020 and on 8 May 2020. The support will […]

State aid: EU Commission approves €21 million Belgian scheme to support the production of coronavirus-relevant products in the Flemish region

The European Commission has approved a €21 million Belgian scheme to support the production of coronavirus-relevant medical products, equipment, technologies and raw materials in the Flemish region. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020 and 8 May 2020. […]

State aid: EU Commission approves modified €288 million Hungarian scheme to support companies affected by coronavirus outbreak

The European Commission has found the modification of a previously approved Hungarian scheme to support the Hungarian economy in the context of the coronavirus outbreak to be in line with EU State aid rules, in particular with the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April […]

State aid: EU Commission approves €4 billion Slovak direct grant and guarantee schemes to support companies affected by coronavirus outbreak

The European Commission has approved three Slovak aid schemes, with an overall budget of €4 billion, to support companies affected by the coronavirus outbreak. The measures were approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April and 8 May 2020. The support will take […]

State aid: EU Commission approves €449 million Polish scheme to support research and development, testing and production of coronavirus relevant products

The European Commission has approved a PLN 2 billion (approximately €449 million) Polish scheme to support research and development (R&D) and production of coronavirus relevant products. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020 and 8 May 2020. The […]

State aid: EU Commission approves €2 million Dutch rescue aid to the ice skating arena Thialf

The European Commission has approved, under EU State aid rules, Dutch plans to grant a temporary €2 million loan to Thialf OG B.V., a public ice skating facility located in Heerenven (Friesland region), which is currently experiencing financial difficulties. These difficulties are linked to insufficient revenues from visitors and pre-date the coronavirus outbreak. EU State […]

State aid: EU Commission approves €9 million Polish scheme to support companies active in the primary agricultural sector affected by coronavirus outbreak

The European Commission has approved a PLN 40 million (approximately €9 million) Polish scheme to support companies active in the primary agricultural sector affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020 and 8 May […]

State aid: EU Commission approves Polish recapitalisation scheme to enable up to €1.65 billion of capital support to SMEs and large enterprises affected by the coronavirus outbreak

The European Commission has approved a Polish recapitalisation scheme of up to €1.65 billion (PLN 7.5 billion) to support large enterprises and certain larger small and medium-sized enterprises (SMEs) in the context of the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as […]

State aid: EU Commission approves €3.7 billion Swedish scheme to compensate companies for damages suffered due to coronavirus outbreak

The European Commission has found an approximately €3.7 billion (SEK 39 billion) Swedish scheme that partially compensates companies exposed to large turnover decline for damages suffered due to the coronavirus outbreak to be in line with EU State aid rules. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “This €3.7 billion scheme enables […]

State aid: EU Commission approves €33 million Cypriot scheme deferring payment of VAT to support companies affected by coronavirus outbreak

The European Commission has approved a €33 million Cypriot aid scheme deferring VAT payments to ease the liquidity constraints ofcompanies affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April and 8 May 2020. Cyprus notified to […]

State aid: EU Commission approves €30.5 million Lithuanian scheme to support bovine animal and milk producers affected by the coronavirus outbreak

The European Commission has approved a €30.5 million Lithuanian scheme to support bovine animal and milk producers affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020 and 8 May 2020. The support will take the […]

State aid: EU Commission approves new prolongation of Polish credit union liquidation scheme

The European Commission has authorised, under EU State aid rules, the tenth prolongation of the Polish credit union liquidation scheme until 15 July 2021. The measure will continue to be available for credit unions that are member-owned entities and provide loans, savings accounts and payment services only to their membership. Credit unions fall outside the […]

State aid: EU Commission approves €5 billion French “umbrella” scheme to support research

… development, testing infrastructures and production of coronavirus relevant products The European Commission has approved a €5 billion French “umbrella” scheme to support research and development, testing and upscaling infrastructures and production of coronavirus relevant products. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as […]

State aid: EU Commission approves € 1.6 billion Polish scheme to compensate companies for damages suffered due to coronavirus outbreak and provide liquidity support

The European Commission has approved, under EU State aid rules, an approximately €1.6 billion (PLN 7.5 billion) Polish scheme that partially compensates large enterprises and certain small and medium-sized enterprises (SMEs) for the losses suffered due to the coronavirus outbreak and provides them with direct liquidity through loans. The scheme, which will be managed by […]

State aid: EU Commission approves €97 million Danish scheme to compensate travel operators for damages caused by cancellations due to coronavirus outbreak

The European Commission has approved under EU State aid rules an approximately €97 million (DKK 725 million) Danish scheme to compensate travel operators for damages caused by the cancellation of package travels due to the exceptional circumstances caused by the coronavirus outbreak and the subsequent travel restrictions imposed by the Danish Government. Under the scheme, […]

State aid: EU Commission approves €32 million Danish scheme to compensate media companies for damage caused by decrease in advertising revenues due to coronavirus outbreak

The European Commission has approved under EU State aid rules a DKK 240 million (approximately €32 million) Danish scheme to partially compensate media companies for the loss in advertising revenues suffered due to the coronavirus outbreak. The scheme will be open to all Danish media companies irrespective of the type of media outlet (printed media […]

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