Italy: EC approves a EUR 1 billion budget increase for the scheme Regime Quadro to support Italian companies (COVID-19)

Announcement

15 Dec 2020

In December 2020, the European Commission approved an extension of EUR 1 billion (approx. USD 1.21 billion) to the EUR 9 billion umbrella scheme Regime Quadro, which consists of several financial support measures for businesses affected by the COVID-19 pandemic in Italy (see related state act).

Source

Number of interventions

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

15 Dec 2020

Revocation date:

09 Apr 2021

Updated: 15 Dec 2020

Interest payment subsidy

<p>On 15 December 2020, the European Commission approved a EUR 1 billion (approx. USD 1.21 billion) increase to the budget of the Italian scheme Regime Quadro, estimated at EUR 9 billion in May ...

Updated: 15 Dec 2020

Financial grant

<p>On 15 December 2020, the European Commission approved an increase of EUR 1 billion (approx. USD 1.21 billion) to the budget of the Italian scheme Regime Quadro, which aims to support...

Updated: 15 Dec 2020

Loan guarantee

<p>On 15 December 2020, the European Commission approved an increase of EUR 1 billion (approx. USD 1.21 billion) to the budget of the Regime Quadro scheme in Italy, estimated at EUR 9 billion in...

Updated: 15 Dec 2020

State loan

<p>On 15 December 2020, the European Commission approved an increase of EUR 1 billion (approx. USD 1.21 billion) to the budget of the Regime Quadro scheme in Italy, which was previously estimate...