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Italy's retail trade sector can get Covid-19 aid, EU Commission says

( March 25, 2022, 11:38 GMT | Official Statement) -- MLex Summary: Pandemic-hit companies in Italy, active mainly in the retail trade, will be eligible for direct grants until the end of June, under a 200 million-euro national plan that has won state aid approval in the EU, the European Commission said today. Only companies whose revenue didn't exceed 2 million euros in 2019, and which suffered a revenue decline of at least 30 percent last year compared to 2019, will be eligible, the commission said, clearing the aid under the temporary state aid framework.Statement follows. ...

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