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Tag: economy

EU budget for recovery : Increased funding to support EU farmers and fishermen towards a green transition/economy

In its proposal for a reinforced long-term budget, the Commission will increase the Common Agricultural Policy (CAP) by €9 billion (€4 billion for the CAP’s European Agricultural Guarantee Fund and €5 billion for the European Agricultural Fund for Rural Development) and the European Maritime and Fisheries Fund (EMFF) by €500 million. An additional €15 billion […]

State aid: EU Commission approves €9 billion Italian “umbrella” scheme to support economy in coronavirus outbreak

The European Commission has approved a €9 billion Italian “umbrella” scheme to support the Italian 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 May 2020. Executive Vice-President Margrethe Vestager, in […]

State aid: EU Commission expands Temporary Framework to recapitalisation and subordinated debt measures to further support the economy in the context of the coronavirus outbreak

The European Commission has adopted a second amendment to extend the scope of the State aid Temporary Framework adopted on 19 March 2020 to enable Member States to support the economy in the context of the coronavirus outbreak. This follows a first amendment adopted on 3 April 2020. This second amendment complements the types of […]

State aid: EU Commission expands Temporary Framework to recapitalisation and subordinated debt measures to further support the economy in the context of the coronavirus outbreak *

updated on 8/05/2020, 20h25 with a new paragraph The European Commission has adopted a second amendment to extend the scope of the State aid Temporary Framework adopted on 19 March 2020 to enable Member States to support the economy in the context of the coronavirus outbreak. This follows a first amendment adopted on 3 April […]

State aid: EU Commission approves second Spanish “umbrella” scheme to support economy in coronavirus outbreak

The European Commission has approved the second Spanish “umbrella” scheme to support the Spanish 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. The measure allows for the provision of aid in […]

State aid: EU Commission approves €2 billion Slovenian “umbrella” scheme to support the economy in coronavirus outbreak

The European Commission has approved a €2 billion Slovenian State aid scheme to support the Slovenian 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 […]

State aid: EU Commission approves Dutch guarantee scheme of up to €10 billion to support the economy in context of coronavirus outbreak

The European Commission has approved a Dutch loan guarantee scheme of up to €10 billion to support the Dutch 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, […]

State aid: EU Commission approves €110 million Polish loan and guarantee scheme to support the economy in coronavirus outbreak

The European Commission has approved a PLN 500 million (approximately €110 million) Polish aid scheme to support the economy in the context of the coronavirus outbreak. The scheme was approved under the State aid Temporary Frameworkadopted by the Commission on 19 March 2020, as amended on 3 April 2020. The new scheme will be financed […]

State aid: EU Commission approves €7 billion French “umbrella” scheme to support the economy in the coronavirus outbreak

The European Commission has approved a €7 billion French “umbrella” scheme to support small and medium-sized enterprises (SMEs) and large corporates in France affected by the coronavirus outbreak.The scheme, called “Regime Cadre Temporaire”, was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020. […]

State aid:EU Commission approves €15 billion Austrian liquidity scheme to support the economy in the coronavirus outbreak

The European Commission has approved a €15 billion Austrian liquidity scheme to support the 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. The scheme allows for the provision of aid in […]

State aid: EU Commission approves €150 million Lithuanian schemes to support economy in coronavirus outbreak

The European Commission has approved two Lithuanian aid schemes to support the Lithuanian economy in the context of the coronavirus outbreak, with a total estimated budget of €150 million. The schemes were approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020. The measures, […]

State aid: EU Commission approves guarantee scheme of up to €3 billion to support the Flemish economy in coronavirus outbreak

The European Commission has approved a Belgian scheme of up to €3 billion, financed by the Flemish region, to support companies 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. Belgium notified to […]

State aid: EU Commission approves € 700 million Polish loan and guarantee scheme to support economy in coronavirus outbreak

The European Commission has approved a PLN 3.5 billion (approximately €700 million) Polish aid scheme to support the 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. The new scheme will be […]

State aid: Eu Commission approves €1.2 billion Greek scheme providing grants for SMEs to support economy in coronavirus outbreak

The European Commission has approved a €1.2 billion Greek aid scheme to support the Greek 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. Following the approval of a €2 billion Greek […]

State aid: EU Commission approves €110 million Lithuanian guarantee scheme to support economy in coronavirus outbreak

The European Commission has approved a €110 million Lithuanian aid scheme to support the Lithuanian 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. The support under the Lithuanian scheme will be […]

State aid: EU Commission approves €140 million Hungarian scheme to support economy in coronavirus outbreak

The European Commission has approved a HUF 50 000 million (approximately €140 million) Hungarian aid scheme 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 2020. The scheme will […]

State aid: EU Commission approves amendments to previously approved German schemes to further support economy in coronavirus outbreak

The European Commission has found the amendments to two German schemes to support companies affected by the coronavirus outbreak (“Bundesregelung Kleinbeihilfen 2020” and “Bundesregelung Darlehen 2020”) to be in line with EU State aid rules. The amendment schemes were approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as […]