The strategy had been of Deputies on 13 July. This scheme is applicable mostly for companies in the construction and food processing sectors that are making losses. Between 150 and 200 companies should be able to benefit from the programme, according to estimates by the economy ministry. 

“The commission found that the Luxembourg scheme was necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a member state,” a press release said. 

The aid provided will be limited to €400,000 maximum per company--which puts the country below other EU states where the threshold is €500,000 per company in the context of temporary crisis management. 

When it comes to support relating to increasing operating costs linked to the energy price hike, “the overall aid per beneficiary may not exceed 30% of the eligible costs, up to a maximum of €2m,” the commission said. “Large energy consumers suffering from operating losses may receive additional aid of up to €25m and, if they are active in particularly affected sectors and subsectors, up to €50m.”