Communication from the Commission Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (2020/C 91 I/01).
Country
Type of law
Regulation
Abstract
The Temporary Framework recognizes that the entire EU economy is experiencing a serious disturbance. Based on Article 107(3)(b) of the Treaty on the Functioning of the European Union it enables Member States to use the full flexibility foreseen under State aid rules to support the economy, while limiting negative consequences to the level playing field in the Single Market. In regard to Fishery, aquaculture and agriculture, Section 3.1 allows Member States to support affected fishermen and aquaculture producers by allowing aid up to a level of EUR 120,000 per undertaking through direct grants, repayable advances or tax advantages. The Commission will consider such State aid compatible with the internal market on the basis of Article 107(3)(b) TFEU, provided that all the specified conditions are met.
Attached files
Web site
Date of text
Repealed
No
Serial Imprint
Official Journal of the European Union 91I , 20.3.2020, p. 1-9
Source language
English
Legislation Amendment
No