Tourism

EU Commission approves Italian scheme to support tourism companies affected by the COVID-19 pandemic

The European Commission has given the green light to Italy’s €60 million plan to support tourism and thermal bath companies hit by the coronavirus pandemic.

The news was announced in a press release recently issued by the authorities, which also reveals that the scheme has been approved under the Government Assistance Time Frame, according to SchengenVisaInfo.com.

This program aims to reduce the labor costs of private employers in tourism and thermal baths, and to encourage and maintain employment levels. In addition, the scheme exempts new temporary or seasonal employees for three months, possibly extended to six months.

As explained in the commission, the assistance will not exceed 2.3 million euros per recipient and will be provided within a month – until June 30.

“The Commission has concluded that the measure is necessary, appropriate and proportionate to remedy a serious disruption to the economy of a Member State in accordance with Article 107(3)(b) TFEU and the conditions set out in the Time Frame”, clarified in the press release, noting that on this basis the commission approved such a measure.

The EU Commission recently recommended supplementing the €185 billion annual funds with an additional €114 billion in grants from NextGenerationEU, which aims to boost the economy after a two-year pandemic.

In addition, a significant part of the EU wallet this year will be directed towards the green transition, which is one of the EU’s top priorities.

In particular, this year’s budget is expected to be distributed as follows:

  • NextGenerationEU grants of 103.5 billion euros will be used to restore the economy after the COVID-19 pandemic in all member states and address the problems caused by the war in Ukraine.
  • 53.6 billion euros will be allocated to the common agricultural policy, and the European Maritime, Fisheries and Aquaculture Fund will receive a fund of 1.1 billion euros.
  • For regional development and cohesion, the Commission has allocated a fund of 46.1 billion euros, and 14.3 billion euros will be allocated to support partners in the world, including NDICI – Global Europe, IPA III and HUMA.
  • 13.6 billion euros are earmarked for research and innovation, and for strategic investments, the Commission has proposed a fund of 4.8 billion euros.
  • While the European Commission has recommended €2.3 billion for environment and climate action, €2.1 billion will go towards protecting the EU’s borders, with an €839 million offer from IBMF and Frontex.

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