EC approves Romania's EUR 358 mln support scheme for COVID-hit SMEs
The European Commission said on Wednesday that it has approved Romania's EUR 358 million scheme to support small and medium-sized enterprises (SMEs) active in sectors particularly 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.
Under the scheme, the aid will take the form of direct grants for investments in productive activities, up to a maximum amount of EUR 1 million per beneficiary.
The scheme will be open to SMEs active in sectors particularly affected by the coronavirus outbreak, such as processing industry, construction, wholesale and retail trade, repair of motor vehicles and motorcycles, transport and storage. It is expected to benefit 4,000 companies.
ADVERTISEMENT
Ăder Flags Delay in Full-scale Rollout of Bottle Return Syst...
India's G20 Presidency, Dawn of New Multilateralism - Narend...
AutoWallis Exceeds Entire 2022 Revenue, Profit in 9 Months
TikTok Commits to Improved Consumer Communication in Hungary
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
