Announcement
19 Jul 2022
In July 2022, the European Commission approved the reactivation of an Italian loan guarantee scheme originally approved in April 2020 (see related state act). The SACE Guarantee Scheme was reactivated in order to support Italian companies in dealing with the economic uncertainties caused by Russia's invasion of Ukraine.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
19 Jul 2022
Revocation date:
20 Dec 2022
Removed: 31 Dec 2022
Loan guarantee
On 19 July 2022, the European Commission approved the reactivation of the SACE's temporary state guarantee scheme with a budget of EUR 10 billion (USD 10.2 billion) loan guarantee scheme from Italy va...
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Related State Acts
Announced: 11 Dec 2023
Italy: SACE grants loan guarantee to support Illumia
Announced: 07 Nov 2023
Italy: SACE grants loan guarantee to support B2G Siciliy Srl
Announced: 18 Oct 2023
Italy: SACE grants loan guarantee to support Itelyum Group
Announced: 21 Sep 2023
Italy: SACE grants loan guarantee to support Aquafil SpA
Announced: 07 Sep 2023
Italy: SACE grants loan guarantee to support the Carraro Group
Announced: 31 Jul 2023
Italy: SACE introduces loan guarantee in favour of Goglio Group
Announced: 10 Jul 2023
Italy: SACE grants loan guarantee to support Casalasco Società Agricola SpA
Announced: 12 Jun 2023
Italy: SACE introduces loan guarantee to support Aboca SpA
Announced: 05 Jun 2023
Italy: SACE introduces loan guarantee to support Sorgenia
Announced: 12 May 2023
Italy: SACE introduces loan guarantee to support MM SpA
Announced: 04 May 2023
Italy: SACE Group introduces loan guarantee to support Rekeep SpA
Announced: 14 Apr 2023
Italy: SACE provides EUR 43.3 million guarantee to support CPL Concordia
Announced: 12 Apr 2023
Italy: SACE provides EUR 10 million guarantee to support Sibeg Coca-Cola's development
Announced: 27 Mar 2023
Italy: SACE introduces loan guarantee to support Iperceramica's development plan
Announced: 21 Dec 2022
Italy: SACE introduces loan guarantee to support the SGR Group
Announced: 20 Dec 2022
Italy: Budget increase and extension of SACE's temporary state guarantee scheme to support Italian companies amid Russia's invasion of Ukraine
Announced: 21 Nov 2022
Italy: SACE introduces loan guarantee to support Unoenergy's sustainability plan
Announced: 24 Mar 2022
EU: Commission adopts state aid Temporary Crisis Framework to provide financial support in the context of the Russian invasion of Ukraine (extended until 2023)
End prolongation: 30 Jun 2022
Italy: Introduction of temporary state guarantee scheme to support Italian companies (COVID-19)
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