The EU Commission approves a Czech scheme worth €1.23B to support the economy in the context of Russia’s war against Ukraine

State aid: Commission approves €1.23 billion Czech scheme to support the economy in the context of Russia's war against Ukraine* The European Commission has approved a €1.23 billion scheme to support the Czech economy in the context of Russia's war against Ukraine. The scheme was approved under the State aid Temporary Crisis Framework, adopted by the Commission on 23 March 2022 and amended on 20 July 2022 and on 28 October 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. The Czech measure Czechia notified to the Commission, under the Temporary Crisis Framework, a €1.23 billion scheme to support its economy in the context of Russia's war against Ukraine. Under this

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  • European Commission - DG COMP (Brussels)

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European Commission, The EU Commission approves a Czech scheme worth €1.23B to support the economy in the context of Russia’s war against Ukraine, 15 November 2022, e-Competitions November 2022 - II, Art. N° 109615

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