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Tag: finnish

State aid: EU Commission approves €600 million Finnish guarantee scheme to support maritime companies affected by the coronavirus outbreak

The European Commission has approved a €600 million Finnish aid scheme to support the maritime 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 and 8 May 2020. Under the scheme, the public […]

State aid: EU Commission approves €120 million Finnish scheme to compensate companies in the restaurant industry for damages caused by coronavirus outbreak

The European Commission has approved under EU State aid rules a €120 million Finnish scheme that compensates companies operating restaurants, bars or cafes for the loss of revenue caused by the coronavirus outbreak and the national measures taken to limit the spread of the virus. Under the scheme, these companies will be entitled to compensation […]

State aid: EU Commission approves Finnish State guarantee on €600 million loan to Finnair in the context of coronavirus outbreak

The European Commission has approved a Finnish aid measure consisting of a State guarantee on a €600 million loan to Finnair to mitigate the economic impact of the coronavirus outbreak on the company. The measure was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 […]

State aid: EU Commission approves €40 million Finnish direct grant schemes to support companies in the agriculture and fishery sectors affected by coronavirus outbreak

The European Commission has approved two Finnish schemes, with a total budget of €40 million, to support the agricultural and fishery sectors 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. The support […]

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 […]