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12 August 2022 The on-line newspaper devoted to the world of transports 23:25 GMT+2

June 28, 2022

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Brussels to launch new Italian cabinet-level programme in Brussels-France

It has a value of around 40 million euros

Today the European Commission approved an Italian programme worth around 40 million euros in aid in support of cabinet-level shipping and other maritime services in the context of the coronavirus pandemic that adds to the programme worth 119 million euros authorised by Brussels on May 5 ( of the May 5 2022).

Under the new measure, which has been approved under the temporary state aid framework, the aid will consist of wage allowances in the form of an exemption from the payment of the social security and welfare contributions due for the period from between the first August 2020 and December 31, 2021. Objective of the measure is to reduce the cost of the work borne by the beneficiaries, helping them to meet their liquidity needs and continue their activities during and after the pandemic. The regime also aims to preserve employment levels and avoid layoffs.

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