EC approves Romanian support scheme for COVID-hit independent cultural sector
The European Commission said that it has approved Romania's RON 3 million (EUR 610,000) scheme to support companies active in Bucharest's independent cultural sector affected by the coronavirus outbreak.
The scheme was approved under the state aid temporary framework adopted by the Commission, the EU's executive body said in a press release on Tuesday.
The purpose of the scheme is to alleviate the liquidity needs faced by the beneficiaries due to the restrictive measures that the Romanian government had to implement in order to limit the spread of the coronavirus.
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