[ad_1]
The European Commission has approved a Bulgarian plan of BGN 30 million (approximately 15 million euros) to support micro, small and medium-sized bus companies affected by the coronavirus pandemic. The plan has been approved in accordance with the Temporary Framework for State Aid adopted by the EU, announced the press center of the EC Representation in Bulgaria.
The purpose of the measure is to alleviate the sudden shortage of liquidity faced by these companies, given the magnitude of the impact of the pandemic on their activities. The aid will take the form of a direct grant. They will partially cover the operational costs of passenger transport by bus and coach from February 1, 2020 until six months after the grant agreement entered into force between the beneficiary and the Ministry of Transport, Information Technologies and Communications of Bulgaria. Applicants can submit applications worth between BGN 3,000 (approximately EUR 1,500) and BGN 450,000 (approximately EUR 230,000).
The European Commission has established that the Bulgarian regime meets the conditions set out in the Temporary Framework. In particular, the aid will not exceed EUR 800,000 per company and will be granted no later than June 30, 2021. The Commission has concluded that the measure is necessary, appropriate and proportionate to overcome the serious difficulties of the economy of a Member State. in accordance with Article 107 (3) (b) TFEU and the conditions of the Temporary Framework.
The non-confidential version of the decision will be published in accordance with № SA.59182 in the State Aid Register on the Commission’s competition website once the data privacy issues have been resolved.
[ad_2]
