Luxembourg: Introduction of scheme to support any company facing liquidity issues as a result of the COVID-19 outbreak

Announcement

24 Nov 2020

On 24 November 2020, the European Commission approved a financial grant scheme from Luxembourg to support companies in paying their uncovered costs which were accumulated due to the current COVID-19 outbreak.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

24 Nov 2020

Revocation date:

31 Mar 2021

Updated: 24 Nov 2020

Financial grant

<p>On 24 November 2020, the European Commission approved a EUR 120 (USD 142) million financial grant scheme from Luxembourg. The aid will support any undertaking of any size from sectors particu...

Related State Acts

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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