EC approves Romania's 3-million lei scheme to aid independent cultural companies
Publicat:The European Commission on Monday approved an aid scheme worth 610,000 euros (approximately three million lei) launched by the Romanian authorities to support companies active in the independent cultural sector in Bucharest, in the context of the COVID-19 pandemic crisis, informs a press release of the EC Executive.
The measure was approved under the State aid Temporary Framework.
According to the scheme, the aid will take the form of direct subsidies. The purpose of the scheme is to alleviate the lack of liquidity faced by the beneficiaries, due to the restrictive measures that…
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