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Italy: Prolongation and budget increase of SACE's scheme for the reinsurance of the natural gas and electricity trade credit risks

Description

On 6 March 2023, the European Commission approved a EUR 3 billion (USD 1.9 billion) budget increase for a loan guarantee scheme from Italy. The original scheme was approved in September 2022 (see rela...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

06 Mar 2023

Revocation date

30 Jun 2024

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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