The EU endorses aid of up to 50,000 euros for transport due to the rise in fuel prices

States will be able to offset up to 70% of the additional costs derived from the rise in fuel prices depending on the size and type of activity of the beneficiary.
The European Commission (EC) has adopted a temporary state aid framework for Member States to support sectors affected by the war in the Middle East. It does so through the Middle East Crisis Temporary State Aid Framework (METSAF), aid of up to 50,000 euros that will be in force until 31 December this year, and which will focus on sectors such as land transport – road, rail and inland waterways – short sea maritime transport within the European Union, agriculture and fishing. The most prominent measure is the one that allows Member States to compensate up to 70% of the additional costs arising from the rise in fuel and fertiliser prices caused by the crisis. Each Member State shall determine the price increase by examining the difference between the current market price and an applicable historical reference price.

Continue reading in Diario El Canal