The Slovenia Times

Govt confirms EUR 40m aid package to cut companies' energy bills

Politics

Ljubljana - The government confirmed on Thursday an aid package under which EUR 40 million will be disbursed to companies this year and next to help them cope with higher energy costs. Three different types of aid will be available, according to Economy Minister MatjaĆŸ Han.

EUR 20 million will be available this year and another EUR 20 million through mid-March 2023, in what Minister Han described as merely the first step in efforts to help the corporate sector.

Two types of aid respectively capped at EUR 500,000 and EUR 2 million per beneficiary will be available for the financing of higher energy costs; such aid will cover up to 30% of companies' energy costs.

A third type of aid is set aside for energy-intensive companies which will be eligible only if they are operating at a loss. In this case, 70% of their costs will be covered.

Han said the measure was in line with EU state aid rules and had been cleared by the European Commission. The bill will also be put to the Economic and Social Council, the country's main industrial relations forum.

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