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Italy’s EUR380 million Covid-19 recovery support gets EU approval

( September 13, 2022, 10:07 GMT | Official Statement) -- MLex Summary: Companies in Italy will be eligible for direct grants, subsidized interest rates on loans, guarantees, repayable advances, equity and bonds, under a 380 million-euro national plan that has won European Commission state aid clearance. The support is aimed at backing private investments in tangible and intangible assets neglected during the pandemic, and at speeding up the switchover to a green and digital economy. The financial sector is exempt from the measure, and the deadline for granting any aid is Dec. 31.Statement follows. ...

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