The European Commission agreed to a Austrian plan backed at a value of 1. 1 billion euros to support companies that use energy extensively in a context negatively affected by the repercussions of the Russian war in Ukraine, according to the framework of assisting member states adopted by the Commission on March 23, 2022.
“In the current context of economic uncertainty, this plan, which is valued at 1.
1 billion euros, will enable Austria to provide liquidity support to companies to postpone part of Their energy bills, allowing them to continue their activities. ”
And it was added in the statement: Austria notified the Commission, according to the temporary framework of the crisis, with a support plan supported by 1. 1 billion euros to provide liquidity support to companies in the context of the continuation of the military crisis in Ukraine.
According to the plan, which will be managed by the Austrian Business Promotion Authority, assistance will take a direct grant form of up to 400 thousand euros per company and up to 2 million euros for intense energy business.
Moreover, these bodies are eligible to obtain more support under this procedure if they incur operational losses amounting to 25 million euros or even 50 million euros if they are active in the sectors that are particularly affected, provided that the plan continues until June 30, 2023 and covers energy costs The beneficiaries incurred during the period between February 1 and September 30, 2022, according to the statement..
About Author
