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Global Trade Alert

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Luxembourg: Introduction of scheme to compensate for uncovered costs for companies facing financial difficulties as a result of the outbreak of Covid-19

Description

On 24 November 2020, the European Commission approved a EUR 120 (USD 131) million financial grant scheme from Luxembourg. The aid will support any undertaking particularly affected by governmental res...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

24 Nov 2020

Revocation date

26 Feb 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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