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Latvia: Approval of EUR 50 million grant scheme for energy-intensive processing industry merchants

Description

On 25 November 2022, the European Commission (EC) approved a EUR 50 million (approx. USD 52 million) financial grant scheme from Latvia. The purpose of the scheme is to support energy-intensive proces...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

25 Nov 2022

Revocation date

31 Dec 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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