The European Commission issued a release on 31 July 2020 announcing its approval of Italian tax credit and loan schemes to support SMEs affected by COVID-19.
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State aid: Commission approves €6 billion Italian schemes to support SMEs affected by coronavirus outbreak
The European Commission has approved three Italian schemes, with an overall budget of €6 billion, mainly consisting of incentives to the recapitalisation by private investors of small and medium-sized enterprises ('SMEs') a…