The European Central Bank (ECB) has published a briefing assessing short-term economic developments during the COVID-19 pandemic via the use of adjusted tools of measurement. (Source: DeHavilland)
Under the State Aid Temporary Framework, the Commission has recently approved:
- €23 million for Belgian measures to support the production of coronavirus-relevant products;
- two Czech employment schemes to support companies affected by the coronavirus outbreak;
- a €202 million Croatian scheme to support companies in the tourism and sports sectors in the context of the coronavirus outbreak;
- a €1,25 billion German measure to recapitalise TUI that, like many other companies active in the tourism sector, has been hit particularly hard by the coronavirus crisis;
- a €120 million Greek support scheme to compensate Aegean Airlines for damages suffered due to the coronavirus outbreak;
- a €73 million Italian support scheme to compensate Alitalia for further damages suffered due to the coronavirus outbreak;
- a modified €1,1 billion Italian scheme to support internationally active companies affected by the coronavirus outbreak;
- a €2,9 billion Polish scheme to support micro, small and medium-sized enterprises in the context of the coronavirus outbreak.
Apart from that, the European Investment Bank (EIB) and Banca March are joining forces once again to support the economic recovery of Spanish small and medium-sized enterprises (SMEs – up to 250 employees), mid-caps (between 250 and 3.000 employees) and large corporates (over 3.000 employees) via three agreements. These agreements will mobilise more than €600 million of financing, of which a total of €270 million will be in the form of guarantees or loans from the EIB.