EU approves 15bln euros in Austrian coronavirus liquidity scheme
- Country:
- Belgium
The European Union's state aid regulators approved on Thursday an Austrian state aid scheme worth 15 billion euros to support the country's economy hit by the coronavirus outbreak. "The objective of the measures is to provide companies with liquidity to continue their activities in these difficult times," the EU's top competition official, Margrethe Vestager, said in a statement.
The total covers grants and guarantees, state guarantees for loans and subsidised public loans, the statement added.
ALSO READ
-
€40m Boost Opens New Doors for Cultural and Creative Businesses in Belgium
-
Belize Communities Take the Lead in New Push for Jobs, Skills and Stronger Futures
-
Hotter Years, More Cavities? Understanding Link Between Climate and Dental Health
-
Europe’s Rare Earth Wake-Up Call: Turning Years of Research Into Factories That Last
-
Lebanon’s Small Business Owners Build Skills and Market Links With EU and ILO Support
Google News