• Login
Tuesday, July 28, 2026
Geneva Times
  • Home
  • Editorial
  • Switzerland
  • Europe
  • International
  • UN
  • Business
  • Sports
  • More
    • Article
    • Tamil
No Result
View All Result
  • Home
  • Editorial
  • Switzerland
  • Europe
  • International
  • UN
  • Business
  • Sports
  • More
    • Article
    • Tamil
No Result
View All Result
Geneva Times
No Result
View All Result
  • Home
  • Editorial
  • Switzerland
  • Europe
  • International
  • UN
  • Business
  • Sports
  • More
Home Europe

Commission approves €54 million Luxembourgish state aid for road and rail transport firms facing increased fuel prices

GenevaTimes by GenevaTimes
July 28, 2026
in Europe
Reading Time: 3 mins read
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


The European Commission has approved a €54 million Luxembourgish State aid scheme to support road transport and rail freight companies facing increased fuel prices due to the Middle East crisis.

The scheme was approved under the Middle East Crisis Temporary State Aid Framework (METSAF) adopted by the Commission on 29 April 2026.

The aid will take the form of direct grants. The aid can cover up to 70% of the additional fuel costs resulting from the Middle East crisis incurred between 1 March and 31 December 2026.

The Commission assessed the scheme under EU state aid rules, in particular Article 107(3)(c) of the Treaty on the Functioning of the EU, which enables member states to support the development of certain economic activities subject to certain conditions, as well as Sections 1 and 2.2 of the METSAF.

The Commission found that the scheme is in line with the conditions set out in the METSAF. In particular, aid will be granted based on a scheme with a clear estimated budget, and aid will be provided to temporarily support the development of companies active in the road and rail freight transport sectors. The Commission concluded that the scheme is necessary, appropriate and proportionate to facilitate the development of an economic activity and does not adversely affect trading conditions to an extent contrary to the common interest.

On this basis, the Commission approved the Luxembourgish scheme under EU state aid rules.

A press release is available online.

Read More

Previous Post

Security Council LIVE: Updates on Gaza, West Bank amid regional tensions

Next Post

Bank loyalty comes at a price in Switzerland

Next Post
Bank loyalty comes at a price in Switzerland

Bank loyalty comes at a price in Switzerland

ADVERTISEMENT
Facebook Twitter Instagram Youtube LinkedIn

Explore the Geneva Times

  • About us
  • Contact us

Contact us:

editor@thegenevatimes.ch

Visit us

© 2023 -2024 Geneva Times| Desgined & Developed by Immanuel Kolwin

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Editorial
  • Switzerland
  • Europe
  • International
  • UN
  • Business
  • Sports
  • More
    • Article
    • Tamil

© 2023 -2024 Geneva Times| Desgined & Developed by Immanuel Kolwin