EU Commission supporting Maltese companies

The European Commission has on May 15, approved a €40 million interest rate subsidy scheme for Malta. The scheme is intended to support companies locally facing considerable liquidity shortages due to the COVID-19 outbreak.

Scheme was approved under the State Aid Temporary Framework which the EU Commission originally adopted on March 19. Framework has since been amended on April 3 and May 8 to better reflect current circumstances.

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