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Global Trade Alert

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Austria: Introduction of EUR 1.1 billion scheme to support companies facing increased energy costs in context of Russia's invasion of Ukraine

Description

On 18 November 2022, the European Commission approved a EUR 1.1 billion (USD 1.1 billion) financial grant scheme from Austria to support companies faced with increased energy costs in the context of R...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

18 Nov 2022

Revocation date

23 Apr 2023

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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