NW 14:18:01 17-01-2022
DS1413NW.114
114 ECONOMY - TOURISM - STATE AID - APPROVED

EC Approves EUR 15.3 Mln
in State Aid
for Bulgarian Tourism


Brussels, January 17 (BTA Correspondent Nikolay Jeliazkov) - The European Commission Monday said it has approved a 15.3 million euro Bulgarian scheme to support companies active in the tourism sector affected by the COVID-19 pandemic. The measure was approved under the State aid Temporary Framework.

The aid will take the form of direct grants not exceeding 2.3 million euro per company. To be eligible, a company must have recorded a difference of at least 256 euro between its turnover (excluding VAT) in 2019 and 2020, combined with any State aid received in 2020 and in 2021. In addition, a company must have recorded a turnover (excluding VAT) higher than 256 euro in both 2018 and 2019.

The aid will be granted by June 30, 2022 to help the beneficiaries address their liquidity needs and continue their activities during and after the coronavirus pandemic.

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