Schengen Visa News

EU Approves €111.8 Million Croatian Scheme to Support Maritime, Transport, Travel & Infrastructure Sectors Affected by COVID-19

The European Commission agreed to adjustments to the current Croatian plan that supports active companies in the maritime transport, travel and infrastructure sector in the context of the Corona virus.

The decision was made after the commission concluded that the scheme was in line with the Temporary State Assistance Framework, TheSchengen.com reports.

“The original scheme was approved by the Commission on June 30, 2020 (SA.57711) and was subsequently amended on six occasions,” the statement read.

The Commission explained that Croatia announced changes to the current system, including an increase in the overall budget by about 111.8 million euros (840 million HK) and an extension of financial intermediaries under the scheme to cover banks as well as all credit and financial institutions, including leasing companies.

In addition, the Committee has established that the assistance will not exceed the amount of 2.3 million per beneficiary and will be provided no later than June 30, 2022.

By providing such a measure, the Commission concluded that the effort, as amended, remains necessary, appropriate and proportionate to address a serious concern in the economy of a Member State, in this case, Croatia.

On April 26, the EU Commission also approved amendments to Poland’s current scheme to support tour operators affected by the pandemic, including a budget increase of 695,000 euros or 3.23 million PLN.

According to the commission, Poland announced these changes to the current scheme saying that there will be another delay to when tour operators must start repaying their loans by December 31, 2022, under certain conditions.

In addition, the scheme also included the introduction of an additional measure with a budget of 695,000 euros to exempt tour operators from having to pay other interest on loans resulting from this additional deferment.

In addition to the assistance provided by the EU Commission in Croatia, on June 17, the same project also approved a €5 million Italian scheme to support tour operators affected by the COVID-19 pandemic.

The authority explains that this measure will help approved bus companies to perform covered tour bus transportation services that are not subject to public service obligations.

Its main purpose is to meet the liquidity needs of the beneficiaries and help them to continue their activities during and after the pandemic. Furthermore, for bus operators to qualify, they must have at least a 30 percent reduction in turnover during 2021 compared to 2019.

Schengen Visa

Schengen Countries

Schengen Agreement

Schengen News

Source: schengenvisainfo.com

Enable Notifications    OK No