EC approves Slovenia’s EUR 100 mln scheme to support coronavirus-hit firms

World

Photo by beast01/Shutterstock.com

The European Commission said on Friday it has approved Slovenia’s EUR 100 million scheme to support COVID 19-affected companies, as well as the research, development (R&D) and production of coronavirus-relevant products.

 

Photo by beast01/Shutterstock.com

The scheme is made up of four measures, and under the first two the government will extend direct grants and loans with zero interest rate to small and medium-sized companies (SMEs) that face liquidity shortages due to the coronavirus outbreak, the Commission said in a statement.

 

The direct grants and zero-interest loans will not exceed EUR 800,000 per company.

The other two measures will help enhance and accelerate R&D projects and the production of coronavirus-relevant products, with the government support taking the form of direct grants that will be open to companies of all sizes. 

Hungary Signs HUF 6 bln Tied Aid Deal With Kenya Analysis

Hungary Signs HUF 6 bln Tied Aid Deal With Kenya

Magyar Drops Audio Suggesting Gov't Meddling in Corruption C... Government

Magyar Drops Audio Suggesting Gov't Meddling in Corruption C...

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.