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COVID-19 Resources

Temporary Framework for State Aid Measures in the Context of COVID-19 Outbreak

24 March 2020

The various measures taken by the EU Member States, such as social isolation, travel restrictions or quarantine, aim to make the impact of COVID-19 on the population as short and limited as possible. At the same time, they have a direct economic impact on both the demand and the supply of products and services and affect companies and employees in increasingly more economic sectors.

In this context, the European Commission establishes, until the end of December 2020, a temporary framework providing for five new types of state aid, respectively:

aid in the form of guarantees on loans;

aid in the form of subsidized interest rates for loans;

aid in the form of guarantees and loans channeled through credit institutions or other financial institutions;

short-term export credit insurance;

Read about it here.