Amendment of the Short-term export-credit insurance Communication
In addition to the adoption of the Temporary Framework, the Commission has amended the Short-term export-credit insurance Communication.
Export-credits enable foreign buyers of goods and/or services to defer payment. Deferred payment implies credit risk for the seller/exporter, against which they insure themselves, typically with the private insurers (so-called export credit insurance).
The European Commission has decided to temporarily remove all countries from the list of “marketable risk" countries under the Short-term export-credit insurance Communication. This will make public short-term export credit insurance more widely available in light of the current crisis linked to the coronavirus outbreak. The amendment further expands on the flexibility introduced by the Commission's State aid Temporary Framework with respect to the possibility by State insurers to provide insurance for short-term export-credit.
https://ec.europa.eu/commission/presscorner/detail/en/ip_20_542
Further to the adoption by the Commission of the Temporary Framework, Member States have notified schemes on the basis of the Temporary Framework:
Denmark: Guarantee scheme for SMEs with export activities affected by the COVID-19 outbreak (SA.56808) (Press release)
Denmark: Guarantee scheme for SME's affected by the Coronavirus outbreak (SA.56708) (Press release)
Estonia: Two support schemes to support the economy in the COVID-19 outbreak (SA.56804) (Press release)
France: "Fonds de solidarité" scheme for small enterprises and self-employed people (SA.56823) (Press release)
France: Three State aid schemes to support the French economy in the context of the Coronavirus outbreak (SA.56709) (Press release)
Germany: Federal Framework "Small amounts of aid 2020" (SA.56790) (Press release)
Germany: Scheme on guarantees on loans for companies affected by the Coronavirus outbreak (SA.56787) (Press release)
Germany: Two State aid schemes to support the German economy in the context of the Coronavirus outbreak (SA.56714) (Press release)
Ireland: Scheme on repayable advances for companies affected by the COVID-19 outbreak (SA.56845) (Press release)
Italy: State guarantee scheme to support debt moratorium by banks to SME borrowers (SA.56690) (Press release)
Italy: Support scheme for production and supply of medical equipment and masks during the Coronavirus outbreak (SA.56786) (Press release)
Latvia: Subsidised loan scheme and loan guarantee scheme for companies affected by the Coronavirus outbreak (SA.56722) (Press release)
Luxembourg: State guarantee scheme to support the economy in the current COVID-19 outbreak (SA.56805) (Press release)
Luxembourg: Scheme to support companies affected by the Coronavirus outbreak (SA.56742) (Press release)
Portugal: Four guarantee schemes for SME's and midcaps affected by the Coronavirus outbreak (SA.56755) (Press release)
Spain: Guarantee scheme to companies and self employed to support the economy in the current COVID-19 outbreak (SA.56803) (Press release)
UK: Coronavirus Business Interruption Loan Scheme (CBILS) Grant (SA.56794) (Press release)
UK: COVID-19 measure CBILS guarantee (SA.56792) (Press release)
Member States have notified schemes on the basis of Article 107(2) (b) TFEU:
Denmark: Scheme to compensate self-employed for damages suffered due to the Coronavirus outbreak (SA.56791) (Press release)
Denmark: State aid notification on compensation scheme cancellation of events related to COVID-19 (SA.56685) (Press release)
Schemes notified by EEA EFTA States:
Norway: COVID-19 Guarantee scheme for airlines (Article 61(3)(b) EEA - Temporary Framework) (Decision No 029/20/COL) (Press release (NOR))
26.3.2020. Norway: COVID-19 Guarantee scheme for SMEs (Article 61(3)(b) EEA - Temporary Framework) (Decision No 028/20/COL) (Press release (NOR))
In addition, the Commission is consulting Member States in relation to a possible extension of the Temporary Framework:
The proposed measures include more support for (i) coronavirus related research and development (R&D), (ii) the construction and upgrading of testing facilities for products relevant to tackle the coronavirus outbreak, such as vaccines, medical equipment or devices, protective material and disinfectants, (iii) the production of products relevant to tackle the coronavirus outbreak, such as vaccines, medical equipment or devices, protective material and disinfectants. They also include targeted support in the form of (iv) deferral of tax payments and/or suspensions of employers' social security contributions to help avoid lay-offs due to the coronavirus crisis in specific regions or sectors that are hardest hit by the outbreak and (v) wage subsidies for employees to help avoid lay-offs due to the coronavirus crisis in specific regions or sectors that are hit hardest by the outbreak.
https://ec.europa.eu/commission/presscorner/detail/en/statement_20_551