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EU Commission approves €3bn Austrian scheme on energy costs for companies

The European Commission has approved a €3bn Austrian scheme meant to support companies facing increased energy costs in the context of Russia's war against Ukraine. The scheme consists of two measures: limited amounts of aid to compensate companies for the cost increase of various energy sources; and aid for additional costs due to exceptional natural gas and electricity price increases. Under both measures, the aid will take the form of direct grants and will be open to companies of all sizes and sectors (excepted for credit and financial institutions).

For the first measure, the aid will not exceed €250,000 per beneficiary active in the primary production of agricultural products and €2m per beneficiary active in any other eligible sector. For the second measure, the overall aid per beneficiary will not exceed 50% of the eligible costs, up to a maximum of €4m.

The scheme was approved under the State aid Temporary Crisis and Transition Framework, adopted by the Commission in March 2023 to support measures in sectors which are key to accelerate the green transition and reduce fuel dependencies.

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