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EC approves Romania's 1.4 mln euro support scheme for sports clubs in Miercurea-Ciuc

EC approves Romania's 1.4 mln euro support scheme for sports clubs in Miercurea-Ciuc Source. European Commission

BUCHAREST (Romania), 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)

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