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Italy: EC approves budget increase for grant scheme to support businesses engaging in international operations (COVID-19)

Description

On 12 January 2021, the European Commission approved a budget increase of EUR 828 million (approx. USD 1 billion) for a state aid scheme that provides direct grants to Italian businesses engaging in i...

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Intervention Details

Intervention Type

Other export incentive

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

12 Jan 2021

Revocation date

26 Mar 2021

Implementation level

National

Affected flow

Outward subsidy

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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