Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
EU approves Irish scheme to aid businesses
+ -
09:59, April 16, 2009

 Related News
 EU member states told to block Irish pork
 Chinese Premier Wen Jiabao meets Irish Prime Minister
 Irish minister welcomes "positive" IMC report
 UN chief appoints Irish woman as legal chief
 Irish rejection of Lisbon Treaty unlikely to derail European integration
 Comment  Tell A Friend
 Print Format  Save Article
The European Commission said on Wednesday it had approved an Irish temporary scheme to help businesses deal with the current economic crisis.

Under the scheme, Irish authorities may grant aid of up to 500,000 euros (659,000 U.S. dollars) per firm in 2009 and 2010 who are facing funding problems because of the current credit crunch.

The aid will be granted in the form of direct grants, reimbursable grants, interest rate subsidies, and subsidized public loans.

In particular, the scheme applies only to firms which were not in difficulty before July 1, 2008, the time when the financial crisis unfolded.

The scheme is intended to give timely and well targeted aid to small and medium-sized enterprises (SMEs) and large companies and will therefore significantly contribute to remedying the current financial and economic crisis, the commission said.

"The Irish scheme will help businesses affected by the current credit crunch without unduly distorting competition," the European Union (EU) Competition Commissioner, Neelie Kroes, said.


  Your Message:   Most Commented:
Don't hate the rich, be one of them
Dalai Lama, a secessionist in disguise
Can Dalai Lama's lie deceive the world for long?
On Serfs Emancipation Day, celebration, recollection, and wishes from across China
India's drill report 'surprises' Chinese govt

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved