EC OKs €202M Croatian Scheme To Support Companies in Tourism

The Croatian government will soon have available an amount of approximately €202 million (US$245.4 million) to support companies of all sizes in the sectors of tourism and sports, including accommodations and restaurants, which have been affected by the Coronavirus pandemic.

The European Union Commission has approved the amount for the Croatian State aid scheme to support the sectors of tourism and sports affected by the pandemic, under the Croatian State aid scheme.

Commenting on the decision to allocate €202 million for Croatia, the Executive Vice-President Margrethe Vestager, in charge of competition policy, noted that the pandemic has hit hard Croatian companies in the tourism and sports sectors hard.

“This Croatian scheme will facilitate these companies’ access to liquidity in these difficult times and will help ensure the continuity of their economic activity,” she said, assuring that the Commission will continue working closely with the Member States in order to find solutions that help to ease the economic impact of the pandemic.

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