Malta Gets €244 Million From The EU’s SURE Funds To Protect Jobs And Businesses
The European Commission has disbursed €9 billion to seven EU Member States in the fifth instalment of financial support to Member States under the SURE instrument. This is the second disbursement in 2021. As part of today’s operations, Czechia has received €1 billion, Spain €2.87 billion, Croatia €510 million, Italy €3.87 billion, Lithuania €302 million, Malta €123 million and Slovakia €330 million. The other six EU countries have already benefitted from loans under SURE.
These loans will assist Member States in addressing sudden increases in public expenditure to preserve employment. Specifically, they will help Member States cover the costs directly related to the financing of national short-time work schemes, and other similar measures that they have put in place as a response to the coronavirus pandemic, including for the self-employed. These disbursements follow the issuance of the fifth social bond under the EU SURE instrument, which attracted a considerable interest by investors.
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