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Tag: companies

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 €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 […]

Coronavirus: EU grants €314 million to innovative companies to combat the virus and support recovery

The Commission announced today that it has awarded nearly €166 million, via the European Innovation Council (EIC) Accelerator Pilot, to 36 companies set to combat the coronavirus pandemic. In addition, over €148 million will be granted to another 36 companies set to contribute to the recovery plan for Europe, bringing the total investment from Horizon […]

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 […]

State aid: EU Commission approves €30 million Luxembourg scheme to support investments by companies affected by the coronavirus outbreak

The European Commission has approved a €30 million Luxembourg aid scheme to support investments by companies 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. Under the scheme, the support will take […]

State aid: EU Commission approves a €60 million Hungarian direct grants scheme to support micro, small and medium-sized companies affected by the coronavirus outbreak

The European Commission has approved an approximately €60 million (HUF 21 billion) Hungarian scheme to support micro, small and medium sized enterprises (“SMEs”) 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 €156 million Hungarian scheme to support companies affected by coronavirus outbreak

The European Commission has approved a Hungarian scheme, with an estimated budget of HUF 57 billion (approximately €156 million),to support the Hungarian economy 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 amended on 3 April and 8 […]

State aid: EU Commission approves €8 billion Austrian scheme to compensate companies for damage caused by coronavirus outbreak

The European Commission has found a €8 billion Austrian scheme to compensate companies for damages related 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 €8 billion scheme enables Austria to compensate businesses of all sectors at least in part […]

State aid: Commission approves €40 million Maltese support scheme to grant interest rate subsidies to companies

The European Commission has approved a €40 million Maltese interest rate subsidy scheme to support companies facing acute liquidity shortages due to the current 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 […]

State aid: EU Commission approves €500 million Belgian guarantee scheme to support internationally active companies affected by the coronavirus outbreak

The European Commission has approved a Belgian guarantee measure, with an indicative budget of €500 million, for companies with export activities affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as on 3 April 2020 and 8 May 2020. Following the […]

State aid: EU Commission approves €450 million Polish scheme to support companies affected by coronavirus outbreak

The European Commission has approved a €450 million scheme (approximately PLN 2 billion)to support the Polish economy in the context of the coronavirus outbreak. The support measures available under the scheme will be co-financed by the EU structural funds (ESIF).The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 […]

State aid: EU Commission approves compensation to energy-intensive companies in Romania for indirect emission costs

The European Commission has approved, under EU State aid rules, Romanian plans to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emission costs under the EU Emission Trading Scheme (ETS). The scheme will cover the period 2019-2020, with a provisional budget of approximately €291 million (RON 1397 million). The measure will benefit […]

State aid: EU Commission approves €5.2 billion Czech guarantee scheme for loans to large exporting companies affected by coronavirus outbreak

The European Commission has approved an approximately €5.2 billion (CZK 142 billion) Czech guarantee scheme for large companies with export activities 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. Executive Vice-President Margrethe Vestager, in […]

State aid: EU Commission approves modification of Greek guarantee measure to support companies affected by the coronavirus outbreak

The European Commission has approved Greece’s modification of a previously approved guarantee scheme to support companies affected by the coronavirus outbreak, extending its scope and increasing its budget to €2.25 billion. The support measures available under the scheme will be co-financed by EU structural funds (ESIF). The existing scheme was initially approved on 3 April […]

State aid: EU Commission approves €2 billion Slovenian guarantee and rent relief schemes to support companies affected by coronavirus outbreak

The European Commission has approved two Slovenian schemes to support companies 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. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “These schemes, with a total […]

State aid: EU Commission approves €900 million Hungarian schemes to support companies affected by coronavirus outbreak

The European Commission has approved three Hungarian aid measures, with a total budget of around € 900 million, to support the Hungarian economy in the context of 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. Executive […]

State aid: EU Commission approves two additional Estonian schemes to support companies affected by coronavirus outbreak

The European Commission has approved two Estonian State aid schemes to support companies 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. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “These aid schemes […]

State aid:EU Commission approves €16.6 billion Polish repayable advance scheme to support companies affected by the coronavirus outbreak

The European Commission has approved a Polish scheme in the form of repayable advances, with a total budget of €16.6 billion(approximately PLN 75 billion), to support the Polish economy 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 €700 million Polish aid scheme to support companies affected by the coronavirus outbreak

The European Commission has approved a €700 million scheme to support the Polish economy in the context of the coronavirus outbreak. The support measures available under the scheme will be co-financed by EU structural funds (ESIF). Member States can decide how to use EU structural funds, in compliance with ESIF rules and – where these […]

State aid: EU Commission approves €3 billion Finnish scheme to support companies affected by coronavirus outbreak

The European Commission has approved a Finnish scheme to support the Finnish economy 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 amended on 3 April 2020. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “This […]

State aid: EU Commission approves €7.8 billion Polish schemes to support companies affected by the coronavirus outbreak

The European Commission has approved 11 Polish State aid schemes, with a total budget of PLN 35.1 billion (approximately €7.8 billion), to support the Polish economy in the context of 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 […]

State aid: EU Commission approves €200 million Irish scheme to support companies affected by the coronavirus outbreak

The European Commission has approved a €200 million Irish scheme to support companies affected by the coronavirus outbreak. The scheme, called “Sustaining Enterprise Scheme”, was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020. The public support, which will take the form of […]

State aid: EU Commission approves €75.5 million Estonian schemes in the form of direct grants and payment advantages to support companies in coronavirus outbreak

The European Commission has approved eight Estonian State aid schemes in the form of direct grants and payment advantages to provide liquidity to companies 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. Under the […]

State aid: EU Commission approves €2 billion Finnish public guarantee and subsidised loan scheme to support companies affected by the coronavirus outbreak

The European Commission has approved a €2 billion Finnish aid scheme to support the Finnish economy 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 amended on 3 April 2020. Executive Vice-President Margrethe Vestager, in charge of competition […]

State aid: EU Commission approves €75.5 million Estonian schemes in the form of direct grants and payment advantages to support companies in coronavirus outbreak

The European Commission has approved eight Estonian State aid schemes in the form of direct grants and payment advantages to provide liquidity to companies 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. Executive Vice-President […]

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