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Commission approves €150 million Austrian subordinated loan to compensate #AustrianAirlines for damages suffered due to #Coronavirus outbreak

Commission approves €150 million Austrian subordinated loan to compensate #AustrianAirlines for damages suffered due to #Coronavirus outbreak

| July 8, 2020

The European Commission has found an Austrian €150 million subordinated loan (convertible into a grant) in favour of Austrian Airlines AG to be in line with EU state aid rules. The measure aims at partly compensating the airline for the damages suffered due to the coronavirus outbreak. Austrian Airlines, which is part of the Lufthansa […]

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 Commission approves Latvian guarantee scheme to support mid-sized and large exporting undertakings affected by #Coronavirus outbreak

 Commission approves Latvian guarantee scheme to support mid-sized and large exporting undertakings affected by #Coronavirus outbreak

| July 8, 2020

The European Commission has approved a Latvian guarantee scheme to support undertakings with export activities affected by the coronavirus outbreak. The scheme is expected to provide for guarantees going up to €160 million. The measure was approved under the State Aid Temporary Framework. The support, in the form of state guarantees on loans, will be accessible […]

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Commission approves €110 million ‘umbrella’ scheme to support #Gibraltar economy in #Coronavirus outbreak

Commission approves €110 million ‘umbrella’ scheme to support #Gibraltar economy in #Coronavirus outbreak

| July 8, 2020

The Commission has approved an approximately €110 million (£100m) “umbrella” scheme to support enterprises of all sizes in Gibraltar. The scheme was approved under the Temporary Framework. The measure aims to provide liquidity to undertakings operating in Gibraltar affected by the coronavirus outbreak, facilitate their access to external finance, and support the development of coronavirus […]

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Commission approves €370 million Czech scheme to support enterprises in the primary agricultural sector and in food and feed production affected by #Coronavirus outbreak

Commission approves €370 million Czech scheme to support enterprises in the primary agricultural sector and in food and feed production affected by #Coronavirus outbreak

| July 8, 2020

The European Commission has approved a CZK 10 billion (approximately €370 million) Czech scheme to support enterprises active in the primary agricultural sector and in food and feed production affected by the coronavirus outbreak. The scheme was approved under the state aid Temporary Framework. The public support, which will take the form of direct grants, […]

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How sustainable is the use of #Water in #EUAgriculture, ask auditors

How sustainable is the use of #Water in #EUAgriculture, ask auditors

| July 8, 2020

With farmers being major consumers of freshwater, the European Court of Auditors is assessing the impact of the EU’s agricultural policy on sustainable water use. The audit, which has just started, will be useful as the EU moves forward with its reform of the common agricultural policy. Freshwater is one of our most valuable resources. […]

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Commission approves a Cypriot scheme to support newspapers affected by #Coronavirus outbreak

Commission approves a Cypriot scheme to support newspapers affected by #Coronavirus outbreak

| July 7, 2020

The European Commission has approved a €106,000 Cypriot scheme to support newspaper companies in the context of the coronavirus outbreak. The scheme was approved under the state aid Temporary Framework. The public support will take the form of direct grants to newspaper publishers that have experienced a loss of their turnover due to the coronavirus […]

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Commission approves €6.3 million Cypriot incentive scheme towards airlines affected by #Coronavirus outbreak

Commission approves €6.3 million Cypriot incentive scheme towards airlines affected by #Coronavirus outbreak

| July 7, 2020

The European Commission has approved a €6.3 million Cypriot incentive scheme towards airlines affected by the coronavirus outbreak. The scheme was approved under the state aid Temporary Framework. Under the scheme, the support will take the form of direct grants of up to €800,000 per company and will be accessible in a transparent manner to […]

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