The fourth amendment extends and modifies the framework to support companies affected by COVID-19.
On 13 October 2020, the European Commission (Commission) published a fourth amendment to the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (Temporary Framework).
The fourth amendment:
..Extends the availability of measures set out in the Temporary Framework
..Adds a new instrument allowing governments to provide support for uncovered fixed costs of companies that have suffered from the suspension or reduction of their business activities
..Modifies rules for Member State exit from recapitalisation measures
..Extends the temporal removal of all countries from the list of “marketable risk” countries under the Short-term export-credit insurance Communication (STEC).
Please see full Alert below for more information.