The European Commission said on March 16 it is providing €9bn to seven member states under the SURE instrument to help them retain jobs amid the coronacrisis.
This is the fifth tranche of financial support under the instrument.
Of the total sum, Croatia receives €510mn, Czechia €1bn, Spain €2.87bn, Italy €3.87bn, Lithuania €302mn, Malta €123mn and Slovakia €330mn.
“These loans will assist member states in addressing sudden increases in public expenditure to preserve employment,” the EC said in the statement.
The countries will use the funds to cover the costs directly related to the financing of national short-time work schemes, as well as other measures they have adopted to respond to the economic crisis caused by the coronavirus (COVID-19) pandemic.
So far, 16 EU member states have received €62.5bn under the SURE instrument in back-to-back loans.
Related Articles
Ghana becomes first African nation to export legal timber to EU under FLEGT licence
Ghana has issued its first timber legality licences, making it the first country in Africa and only the second in the world after Indonesia cleared to export timber to the European Union, reports ... more
Convicts at several Latvian prisons riot over ban on gaming consoles
Inmates in several Latvian prisons have staged protests believed to be sparked by upcoming restrictions on modern gaming consoles, Delfi and later local news agency LETA reported on August ... more
Latvian ex-cop arrested over offering bribe on behalf of blacklisted Russian
A former Latvian police officer with a criminal record was detained by Latvia’s Corruption Prevention Bureau (KNAB) over an alleged attempt to bribe an Interior Ministry official on behalf of a ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
23 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
2 months ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago