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STATE AID: COMMISSION APPROVES €202 MILLION CROATIAN SCHEME TO SUPPORT COMPANIES IN THE TOURISM AND SPORTS SECTORS IN THE CONTEXT OF CORONAVIRUS OUTBREAK

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Published on: 11-01-2021 Back

 

 The European Commission has approved an approximately €202 million (HRK 1.525 billion) Croatian   State aid scheme to support companies of all sizes active in the sports and tourism sectors (and in   directly related ones, such as accommodations, restaurants) and , affected by the coronavirus outbreak.   The scheme was approved under the State aid Temporary Framework.
 The main purpose of the measure is to assist eligible companies in gaining access to liquidity and to   preserve the continuity of their economic activity. The aid will be granted in the form of (i) guarantees on   new working capital and investment loans; and (ii) subsidised interest rates for new loans. The total   budget of the scheme is €202 million (HRK 1.525 billion).
 
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