State Aid

STATE AID RECOVERY INTEREST AND REFERENCE RATES FROM 1 JUNE 2023

The notice on state aid recovery interest rates and reference/discount rates for all 27 EU member states and the UK applicable from 1 June 2023 is available. The rates have been increased for all Eurozone member states and Bulgaria but remain unchanged for all other EU member states and the UK. Further information is available here.

DANISH MEASURES TO SUPPORT NEW EXPORT AND INVESTMENT FUNDS

The European Commission has approved Danish measures to setup Denmark’s Export and Investment Fund with a total estimated value of over €4 billion. The Fund aims at supporting economic development, competitiveness, innovation and growth for Danish companies. Further information is available here.

COMMISSION APPROVES €837 MILLION SPANISH SCHEME TO SUPPORT THE PRODUCTION OF BATTERIES FOR VEHICLES

The European Commission approved a €837 million Spanish scheme to support the production of batteries for the industrial chain of electric and connected vehicles to foster the transition to a net-zero economy, in line with the Green Deal Industrial Plan. Further information is available here.