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Spain: Second umbrella scheme to support economy for a preliminary amount of EUR 3.5 billion (COVID-19)

Description

On 24 April 2020, the EU approved a second Spanish umbrella scheme with a preliminary budget of EUR 3.5 billion (approx. USD 3.8 billion) in order to support its economy in the context of the COVID-19...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

24 Apr 2020

Revocation date

30 Jun 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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