The European Commission has approved state aid for tour operators

26 May 2021

The Ministry of Tourism received a notification from the European Commission for approval of targeted subsidies to tour operators. A decree of the Council of Ministers to specify the procedure for applying for and paying state aid is to be agreed upon in an extremely short period of time.

With an amendment to the Law on Measures and Actions during the State of Emergency, announced by a Decision of the National Assembly of March 13th, 2020 to overcome the consequences, a state aid scheme was created for additional financing of tour operators with other liabilities to their clients, with grants amounting to 15 percent of their turnover without VAT in 2019, but not more than the amount due for travel packages for unrealized trips.

The aid can only be used to reimburse customers for travel not made between 01.03.2020 and 31.12.2020 due to the outbreak of COVID-19.

Facebook icon
Twitter icon
Google icon
e-mail icon