The EU Commission authorizes a State aid to stimulate new investment in regions hit by earthquakes (Earthquakes in Italy)

Article published on StateAidHub: http://stateaidhub.eu, republished in e-Competitions with the courtesy of the author. The original title of this article appears below the e-Competitions title. Authors are welcome to write an alternative article on this case/text, provided they have no relationships with a party or related third party. Article will need e-Competitions Board approval before publication.

Remedying the Damage of a Natural Disaster through Incentives for New Investments Damage from natural disasters can be remedied in the short-term through direct compensation or in the longer-term through investment subsidies to support new productive capacity. Introduction This article reviews a rather straightforward case which, however, is also quite unusual. It concerns a measure to remedy the effect of recent earthquakes in Italy. What makes it unusual is that the aid is not granted on the basis of Article 107(2)(b) but Article 107(3)(c). In other words, the aid is not granted as compensation for the direct damage caused by the earthquakes but for the purpose of stimulating new investment in the regions that were hit by the earthquakes. The Commission authorised it in decision

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Phedon Nicolaides, The EU Commission authorizes a State aid to stimulate new investment in regions hit by earthquakes (Earthquakes in Italy), 6 April 2018, e-Competitions Bulletin April 2018, Art. N° 88446

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