The European Commission agreed to a Danish loan plan backed by 3. 4 billion euros (i. e. about 25. 2 billion Danish krns) to support companies that use energy extensively in a context that was negatively affected by the repercussions of Russian military operations in Ukraine, according to the framework of assisting member states adopted by the Commission on March 23, 2022 .
“This plan, which is valued at $3 in the current environment of economic instability.
4 billion euros will allow Denmark to provide businesses with cash so they can delay some of their energy expenditures and carry on with their operations. ”
And it was added in the statement: Denmark notified the commission, according to the temporary framework of the crisis, with a support plan supported by 3. 4 billion euros (25. 2 billion Danish krns) to provide liquidity support to companies in the context of the continuation of the military crisis in Ukraine.
The beneficiaries of the plan, which will be overseen by the Danish Business Authority, will have access to funding for the payment of electricity, gas, and local heating bills for all types of businesses, which are managed by energy suppliers, with a total budget of 29 million euros for energy suppliers to cover their administrative costs related to the deferral of payment of energy bills.
Moreover, supplier businesses will have the right Get a maximum of 134,500 euros in individual help, which should be calculated as 15% of the average annual total sales over the previous three closed mathematical periods.
A Danish initiative to subsidise businesses that consume a lot of energy receives approval from the European Commission in the amount of €3.4 billion.
About Author
