The European Parliament approved €823 million in EU aid to seven countries to help them tackle emergencies including the coronavirus pandemic. More than €130 million will be distributed in advance payments to Germany, Ireland, Greece, Spain, Croatia, Hungary and Portugal. The majority of the aid, up to €683 million, will be used to support Croatia in its recovery from the devastating earthquakes that took place in Zagreb. Poland is also to receive €7 million to help assist in reconstruction efforts following floods. (Source: eureporter)
Under the State Aid Temporary Framework, the Commission has recently approved:
- an Austrian ‘Fixkostenzuschuss Phase II’ scheme to support uncovered fixed costs of companies affected by the coronavirus outbreak;
- a €434 million wage subsidy scheme to support Belgian companies affected by the coronavirus outbreak;
- a Danish fund to enable €1,34 billion of capital support to large companies affected by the coronavirus outbreak;
- a German ‘umbrella’ scheme to support uncovered fixed costs of companies affected by the coronavirus outbreak;
- a €145 million Hungarian recapitalisation scheme to support companies affected by the coronavirus outbreak;
- over €188 million to support Valle d’Aosta, Veneto, Sardinia, Friuli Venezia Giulia and Trento in Italy, and orderly liquidation scheme for Italian small banks;
- a €60 million Luxembourg aid scheme to support certain companies affected by the coronavirus outbreak;
- a €12,4 million Romanian scheme to support wine producers affected by the coronavirus pandemic
- a €2,55 billion Spanish guarantee scheme to compensate certain self-employed and companies for damages suffered due to the coronavirus outbreak
COVID-19 update 53 – 21-27/11/2020