November 22 (SeeNews) - The European Commission (EC) said on Monday that it has approved Romania's 1.4 million euro ($1.58 million) scheme to support sports clubs in the municipality of Miercurea-Ciuc in the context of the coronavirus outbreak.
The scheme was approved under the state aid temporary framework adopted by the Commission and will be open to small and medium-sized enterprises (SMEs) active in the sport sector in Miercurea-Ciuc, the EU's executive body said in a press release.
Under the scheme, the aid will take the form of direct grants for investments in productive activities, up to a maximum amount of 700,000 euro per beneficiary.
The scheme is expected to benefit up to ten companies.
($=0.8863 euro)