The European Commission has found Italian €199.45 million support in favour of Alitalia to be in line with EU State aid rules. The measure aims at compensating the airline for the damages suffered due to the coronavirus outbreak. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “This measure will enable Italy to compensate […]
The European Commission has approved four Italian aid schemes to support companies and self-employed workers affected by the coronavirus outbreak. The four measures, which are part of a wider Italian support package included in the so-called “Decreto Rilancio”,were approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended […]
The European Commission has approved two Cypriot schemes providing direct grants and subsidised interest rates to companies and self-employed workers 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 and 8 May 2020. The first […]
The European Commission has approved a €2.6 million Czech scheme to support companies affected by the coronavirus outbreak. The scheme, set up by the Moravia-Silesia region, 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 public support […]
The European Commission approved two Lithuanian measures, with an estimated total budget of €50 million, to support travel agencies, tour operators, accommodation and catering businesses which were affected by the measures adopted by the Lithuanian authorities to face the coronavirus health emergency. The measures were approved under the State aid Temporary Framework adopted by the […]
The European Commission has approved a €40 million Portuguese scheme to support companies affected by the coronavirus outbreak in the autonomous region of Madeira. The scheme was approved under the State aid Temporary Frameworkadopted by the Commission on 19 March 2020, as amended on 3 April 2020 and on 8 May 2020. The support will […]
The European Commission has approved a €21 million Belgian scheme to support the production of coronavirus-relevant medical products, equipment, technologies and raw materials in the Flemish region. 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 European Commission has found the modification of a previously approved Hungarian scheme to support the Hungarian economy in the context of the coronavirus outbreak to be in line with EU State aid rules, in particular with the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April […]
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 […]
The European Commission has approved a PLN 2 billion (approximately €449 million) Polish scheme to support research and development (R&D) and production of coronavirus relevant products. 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 […]
The European Commission has approved, under EU State aid rules, Dutch plans to grant a temporary €2 million loan to Thialf OG B.V., a public ice skating facility located in Heerenven (Friesland region), which is currently experiencing financial difficulties. These difficulties are linked to insufficient revenues from visitors and pre-date the coronavirus outbreak. EU State […]
The European Commission has authorised the prolongation of the Greek guarantee scheme for credit institutions until 30 November 2020 under EU State aid rules. The liquidity situation of the Greek banks is gradually improving, but challenges still remain, also in view of the coronavirus outbreak. In this context, the Commission has found that the prolongation […]
The European Commission has approved a PLN 40 million (approximately €9 million) Polish scheme to support companies active in the primary agricultural sector 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 […]
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 […]
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 […]
The European Commission has approved, under EU State aid rules, Portugal’s plans to grant a €1.2 billion rescue loan in favour of Transportes Aéreos Portugueses SGPS S.A. (“TAP”). On 9 June 2020, Portugal notified the Commission of its intention to grant a €1.2 billion rescue loan to TAP. The measure aims at providing TAP with […]
The European Commission has approved Finnish plans to contribute to the recapitalisation of Finnair through the subscription of new shares by the State in the rights issue launched by Finnair on 10 June 2020 in the context of the coronavirus outbreak. Finnair plays a major role in the Finnish economy, notably because it ensures domestic […]
The European Commission has approved a €30.5 million Lithuanian scheme to support bovine animal and milk producers 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 2020. The support will take the […]
The European Commission has authorised, under EU State aid rules, the tenth prolongation of the Polish credit union liquidation scheme until 15 July 2021. The measure will continue to be available for credit unions that are member-owned entities and provide loans, savings accounts and payment services only to their membership. Credit unions fall outside the […]
… development, testing infrastructures and production of coronavirus relevant products The European Commission has approved a €5 billion French “umbrella” scheme to support research and development, testing and upscaling infrastructures and production of coronavirus relevant products. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as […]
The European Commission has approved, under EU State aid rules, an approximately €1.6 billion (PLN 7.5 billion) Polish scheme that partially compensates large enterprises and certain small and medium-sized enterprises (SMEs) for the losses suffered due to the coronavirus outbreak and provides them with direct liquidity through loans. The scheme, which will be managed by […]
The European Commission has approved under EU State aid rules an approximately €97 million (DKK 725 million) Danish scheme to compensate travel operators for damages caused by the cancellation of package travels due to the exceptional circumstances caused by the coronavirus outbreak and the subsequent travel restrictions imposed by the Danish Government. Under the scheme, […]
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 […]
The European Commission has approved, under EU State aid rules, the support granted by Spain to electricity generators for supplying electricity in the Spanish non-peninsular territories as a Service of General Economic Interest (SGEI). These territories include the Canary Islands, the Balearic Islands, Ceuta and Melilla. The main objective of the scheme is to guarantee […]
The European Commission has approved a €713 million Dutch aid scheme to support small and medium sized enterprises (SMEs) affected by the coronavirus outbreak. The measure 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. The support will take […]
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