The European Commission approved an amendment to an Italian scheme that supports companies in the Region Friuli Venezia Giulia during Russia’s war with Ukraine. The State Aid Temporary Crisis Framework was adopted by the Commission on March 23rd 2022. It was amended on July 2022 and October 2022. This amendment is based on Article 107(3) (b) of the Treaty on the Functioning of the European Union (“TFEU”), which recognizes that the EU economy has been in serious distress.
The original scheme was approved by the Commission in Aug 2022 ( TA.102721). The aid is in the following forms: (i) limited amounts, (ii), liquidity support in form of guarantees; and (iii), liquidity support through subsidised loans. (iv) assistance for additional costs due extreme increases in electricity and natural gas prices. It notified the following changes to the existing scheme: a budget rise of EUR240 million; (iii), an extension of scheme until 31 December 2023; (iii), an increase in the maximum aid ceilings in accordance with the Temporary Crises Framework, .
The Commission found the amended Italian scheme necessary, appropriate, and proportionate to address a serious disruption in an economy of a Member state, in accordance with Article107(3)(b), TFEU, and the conditions in the Temporary Crisis Framework. The Commission approved the amendment as per EU State Aid rules.
has more information about the Temporary Crisis Framework as well as other actions taken to address the economic consequences of Russia’s war on Ukraine. Once confidentiality issues have been resolved, the non-confidential decision will be available under case number SA.105004 on the State Aid Registeron Commission’s Competition Website.
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