Global Trade Alert
Global Trade Alert

Austria: Introduction of Damage Compensation Scheme (COVID-19)

Announcement

10 Aug 2023

In August 2023, the European Commission approved a financial grant scheme from Austria to compensate businesses for damages incurred in the context of the Covid-19 pandemic.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

10 Aug 2023

Revocation date:

No revocation date

Financial grant

On 10 August 2023, the European Commission approved a EUR 750 million (USD 826.4 million) financial grant scheme from Austria. The scheme compensates Austrian businesses, irrespective of size and sect...

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