The EU Commission approves a Croatian scheme worth €500M to support companies in context of Russia’s invasion of Ukraine

State aid: Commission approves €500 million Croatian scheme to support companies in context of Russia's invasion of Ukraine* The European Commission has approved an up to €500 million Croatian scheme to support companies across sectors in the context of Russia's invasion of Ukraine. The scheme was approved under the State aid Temporary Crisis Framework, adopted by the Commission on 23 March 2022, based on Article 107(3)(b) of the Treaty on the Functioning of the European Union (‘TFEU'), recognising that the EU economy is experiencing a serious disturbance. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “In a period during which the functioning of the market is severely disturbed, this up to €500 million Croatian scheme will ensure that sufficient

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European Commission, The EU Commission approves a Croatian scheme worth €500M to support companies in context of Russia’s invasion of Ukraine, 7 July 2022, e-Competitions July 2022, Art. N° 107449

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