State aid: Commission approves €698 million Italian scheme to support the tourism sector in the context of coronavirus pandemic* The European Commission has approved a €698 million Italian scheme to support companies active in the tourism sector affected by the coronavirus pandemic. The scheme was approved under the State aid Temporary Framework and is included in the national Recovery and Resilience Plan. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: 'Companies active in the tourism sector have seen their revenues significantly decline because of the coronavirus outbreak and the restrictive measures in place. This €698 million Italian scheme will enable Italy to support these companies by helping them meet their liquidity needs and ensuring the
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The EU Commission approves €698 million Italian scheme to support the tourism sector in the context of coronavirus pandemic
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