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Tag: sheme

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 €800,000 Latvian scheme to support tour operators in the context of coronavirus outbreak

The European Commission has approved a €800,000 Latvian scheme to support tour operators that bore the costs of the repatriation of travellers 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 and 8 […]

State aid: EU Commission approves €5 million Lithuanian scheme for SMEs active in road freight transport affected by the coronavirus outbreak

The European Commission has approved a €5 million direct grant 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. Executive Vice-President Margrethe Vestager, in charge of competition […]

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. […]