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Global Trade Alert

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Luxembourg: Introduction of scheme to support companies in overcoming Covid-19 related drops of activity

Description

On 20 May 2020, the European Commission approved a EUR 30 (USD 32.9) million financial grant scheme from Luxembourg. The aid will support companies of any size and of all sectors (with the exception o...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 May 2020

Revocation date

22 Dec 2020

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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