State aid: Commission approves €10 million Czech scheme to support companies in context of Russia's invasion of Ukraine
Daily News 08 / 08 / 2022
Source: European Commission Spokesperson's Service
The European Commission has approved a €10 million scheme to support companies in the context of Russia's invasion of Ukraine. The scheme was approved under the State aid Temporary Crisis Framework, adopted by the Commission on 23 March 2022 and amended on 20 July 2022, based on Article 107(3)(b) of the Treaty on the Functioning of the European Union (‘TFEU'), recognising that the EU economy is experiencing a serious disturbance. The scheme aims at supporting small and medium-sized enterprises (‘SMEs') active in manufacturing of food products and beverages that are affected by the current geopolitical crisis and the related sanctions. Under the scheme, the eligible beneficiaries will be entitled to receive limited amounts of aid in the form of direct grants. The Commission found that the Czech scheme is in line with the conditions set out in the Temporary Crisis Framework. In particular, the aid (i) will not exceed €500,000 per company; and (ii) will be granted no later than 31 December 2022.
The Commission concluded that the Czech scheme 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 set out in the Temporary Crisis Framework. On this basis, the Commission approved the aid measure under EU State aid rules. More information on the Temporary Crisis Framework and other actions taken by the Commission to address the economic impact of Russia's invasion of Ukraine can be found here. The non-confidential version of the decision will be made available under case number SA.103616 in the State aid register on the Commission's competition website once any confidentiality issues have been resolved.