EU: “Green light” in a Greek program of 3.6 million euros to support port authorities

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THE European Commission approved today the greek height plan EUR 3.6 million to support Port Authorities in the context of its pandemic coronavirus.

According to the Commission Communication, the approval was given under the Temporary State Aid Framework and therefore the public support will take the form of direct grants. The measure will be open to the Greek port authorities who showed a significant reduction in turnover in 2020, due to the pandemic and the restrictive measures taken to limit the spread of the virus. The purpose of this scheme is to help beneficiaries meet their liquidity needs and to continue their activities during and after the pandemic.

The Commission found that the Greek system complied with the terms of the Provisional Framework, as amended on 18 November 2021. The Commission concluded that the measure was necessary, appropriate and proportionate to address a serious disturbance in the economy of a Member State, in accordance with Article 107 (3) of the EU Treaties and the conditions laid down in the provisional framework. On this basis, the Commission approved the scheme under EU State Aid Rules.

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