04/07/2022 (Agence Europe) – On Monday 4 July, the European Commission approved a €414 million Croatian aid package to support the liquidity of exporting companies in the context of the Russian invasion of Ukraine. The scheme was approved under the State Aid Temporary Crisis Framework, as adopted by the Commission on 23 March 2022. The aid will take the form of guarantees covering part of new eligible loans granted by commercial banks, and direct grants covering the loan guarantee premiums. The measure will be open, primarily, to companies whose revenues from export activities represented at least 10% of their total income over the previous year. The Commission found that the Croatian scheme complies with the conditions set out in the Temporary Crisis Framework. (LC)