State aid: Commission approves 2022-2027 regional aid map for Malta

Daily News 03 / 03 / 2022


Economia - pubblicata il 07 Marzo 2022


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Source: European Commission Spokesperson’s Service

The European Commission has approved under EU State aid rules Malta’s map for granting regional aid from 1 January 2022 to 31 December 2027, within the framework of the revised Regional aid
Guidelines
(‘RAG’). The revised RAG, adopted by the Commission on 19 April 2021 and in force since 1 January 2022, enable Member States to support the least favoured European regions in
catching up and to reduce disparities in terms of economic well-being, income and unemployment – cohesion objectives that are at the heart of the Union. They also provide increased possibilities
for Member States to support regions facing transition or structural challenges such as depopulation, to contribute fully to the green and digital transitions. At the same time, the revised RAG
maintain strong safeguards to prevent Member States from using public money to trigger the relocation of jobs from one EU Member State to another, which is essential for fair competition in the
Single Market. Malta’s regional aid map defines the Maltese regions eligible for regional investment aid. The map also establishes the maximum aid intensities in the eligible regions. The aid
intensity is the maximum amount of State aid that can be granted per beneficiary, expressed as a percentage of eligible investment costs. Under the revised RAG, regions covering up to 70% of the
population of Malta will be eligible for regional investment aid, under the derogation of Article
107(3)(c)
of the Treaty on the Functioning of the European Union (‘TFEU’). A press release is available online.

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