The European Commission has approved a €4.5 million German State aid scheme under the Middle East Crisis Temporary State Aid Framework (METSAF) to support fishing and aquaculture companies affected by rising fuel prices. The aid, valid until 31 December 2026, provides direct grants covering 70% of estimated fuel cost increases for companies between 1 March and 23 July 2026. Aid per company will not exceed €50,000. The Commission determined the scheme aligns with METSAF conditions, ensuring it is necessary, appropriate, and proportionate to support primary production sectors without distorting trade. The METSAF framework, adopted on 29 April 2026, allows temporary aid to mitigate economic impacts from the Middle East crisis, with periodic reviews during its 12-month validity period.
Made by AI. If you spot anything of concern write us at contact@cybach.com. We’ll promptly correct irregularities.