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Global Trade Alert

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Germany: Federal Damage Compensation System introduced (COVID-19)

Description

On 28 May 2021, the European Commission approved Germany's federal damage compensation system to cover damages of enterprises affected by lockdown measures in the context of the COVID-19 pandemic. The...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

28 May 2021

Revocation date

21 Dec 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Products

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