Global Trade Alert
Global Trade Alert

Italy: Extension and budget intensity reduction of scheme to support agricultural, forestry, fishery and aquaculture sectors in the context of Russia's invasion of Ukraine and the COVID-19 pandemic

Announcement

16 Dec 2022

In December 2022, the European Commission approaved an extension and budget intensity reduction of a state aid scheme to support companies operating in the agri-food, fishing, aquaculture, forestry, and floriculture sectors amid the current economic crisis caused by Russia's invasion of Ukraine and the Covid-19 pandemic.

Source

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Number of interventions

3

0 certainly harmful

0 likely harmful

3 liberalising

List of interventions

Implementation date

16 Dec 2022

Revocation date:

31 Dec 2024

Updated: 16 Dec 2022
Tax or social insurance relief

On 16 December 2022, the European Commission approved additional funds amounting to EUR 800 million (USD 849 million) for the Italian tax reduction scheme initially approved in May 2022 (...

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Updated: 16 Dec 2022
State loan

On 16 December 2022, the European Commission approved additional funds amounting to EUR 800 million (USD 849 million) for the Italian state loan scheme initially approved in May 2022 (see...

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Updated: 16 Dec 2022
Financial grant

On 16 December 2022, the European Commission approved additional funds amounting to EUR 800 million (USD 849 million) for the Italian financial grant scheme initi...

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