Luxembourg: Introduction of solidarity fund scheme to support sectors affected by the COVID-19 outbreak

Announcement

29 May 2020

On 29 May 2020, the European Commission approved a financial grant from Luxembourg to support service providers in tackling liquidity issues due to the COVID-19 outbreak.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

29 May 2020

Revocation date:

No revocation date

Financial grant

On 29 May 2020, the European Commission approved a EUR 200 (USD 222) million financial grant scheme from Luxembourg. The aid will support service providers, such as restaurants or hotels, that have se...

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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