State aid: Commission approves €5.5 million Estonian scheme to support companies active in tourism sector affected by coronavirus outbreak

Daily News 26 / 11 / 2020

Economia - pubblicata il 30 Novembre 2020

Source: European Commission Spokesperson’s Service

The European Commission has approved a €5.5 million Estonian scheme to support companies active in the tourism sector affected by the coronavirus outbreak. The measure was approved under the State
aid Temporary
. The public support will take the form of direct grants and will be open to accommodation providers, travel agencies, tourism attraction operators, tourism service providers,
international coach service providers, conference organisers and tourist guides. The purpose of the measure is to mitigate the sudden liquidity shortages that these companies are facing because of
the restrictive measures imposed by the government to limit the spread of the virus. The Commission found that the Estonian measure is in line with the conditions set out in the Temporary
Framework. In particular, the support (i) will not exceed €800,000 per company; and (ii) will be granted no later than 30 June 2021. The Commission concluded that the measure is necessary,
appropriate and proportionate to remedy a serious disturbance in the economy of a Member State, in line with Article 107(3)(b) TFEU and the conditions of the Temporary Framework. On this basis, the
Commission approved the measure under EU State aid rules. More information on the Temporary Framework and other actions taken by the Commission to address the economic impact of the coronavirus
pandemic can be found here.
The non-confidential version of the decision will be made available under the case number SA.59338 in the State aid register on the
Commission’s competition website once any
confidentiality issues have been resolved.

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