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Global Trade Alert

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Luxembourg: Introduction of scheme to support private trade credit insurers

Description

On 1 July 2020, the European Commission approved a EUR 145.17 (approx. USD 181.46) million guarantee scheme from Luxembourg. The aid will support private trade credit insurers. Under the scheme, priva...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jul 2020

Revocation date

31 Dec 2020

Implementation level

NFI

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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