Announcement
23 Dec 2020
In December 2020, the European Commission approved the prolongation and amendment of the state aid cases 56963, 57289 and 57937 for Italy. These amendments included, among others, the introduction of a EUR 5 billion grant scheme (approx. USD 6.1 billion) to support mid-cap companies and the extension of a subordination loan scheme for medium-sized companies.
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Number of interventions
2
1 certainly harmful
0 likely harmful
1 liberalising
List of interventions
Implementation date
01 Jan 2021
Revocation date:
30 Jun 2021
Announced: 23 Dec 2020
State loan
On 31 July 2020, the European Commission approved the introduction of an Italian subordination loan scheme for medium-sized companies, with a budget of EUR 4 billion for the year 2020 (see related sta...
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Implementation date
01 Jan 2021
Revocation date:
30 Jun 2021
Announced: 23 Dec 2020
Financial grant
On 23 December 2020, the European Commission approved a EUR 5 billion aid scheme (approx. USD 6.1 billion) to support mid-cap companies that already benefit from an existing loan guarantee scheme (Gar...
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Related State Acts
End prolongation: 30 Jun 2021
Italy: EU approves EUR 2 billion trade credit insurance scheme (COVID-19)
End prolongation: 31 Dec 2021
Italy: EUR 6 billion in financial measures for SMEs (COVID-19)
End prolongation: 30 Jun 2022
Italy: Introduction of temporary state guarantee scheme to support Italian companies (COVID-19)
Announced: 19 Mar 2020
EU: Commission adopts state aid Temporary Framework to allow financial support schemes due to COVID-19 (extended until June 2022)
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