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Tag: schemes

State aid: EU Commission approves €296 million Danish loan schemes to support start-ups affected by coronavirus outbreak

The European Commission has approved two Danish loan schemes to support start-up companies in the context of the coronavirus outbreak. The loan schemes, with a total budget of approximately €296 million (DKK 2.2 billion), were approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April […]

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 €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 […]

SURE – What are short-time work schemes?

Commission proposes SURE, a new temporary instrument worth up to €100 billion to help protect jobs and people in work Short-time work schemes are programmes that under certain circumstances allow firms experiencing economic difficulties to temporarily reduce the hours worked by their employees, which are provided with public income support for the hours not worked. […]