Announcement
31 Jul 2020
In July 2020, the European Commission approved a EUR 840 million (approx. USD 989.4 million) German state aid measure that provides guarantees on certain vouchers for the tourism sector in the context of the COVID-19 pandemic.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
31 Jul 2020
Revocation date:
31 Dec 2021
Announced: 31 Jul 2020
Loan guarantee
On 31 July 2020, the EU approved a German state aid measure that establishes a EUR 840 million (approx. USD 989.4 million) scheme on vouchers issues for package tours in the context of the economic cr...
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