Global Trade Alert
Global Trade Alert

Luxembourg: Introduction of scheme to support companies in overcoming Covid-19 related drops of activity

Announcement

20 May 2020

On 20 May 2020, the European Commission approved a financial grant scheme from Luxembourg to support all sectors of the economy facing liquidity shortages as a result of the Covid-19 outbreak.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

20 May 2020

Revocation date:

No revocation date

Financial grant

On 20 May 2020, the European Commission approved a EUR 30 (USD 32.9) million financial grant scheme from Luxembourg. The aid will support companies of any size and of all sectors (with the exception o...

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