It should soon be possible to submit the final settlement regarding the energy cost subsidy II – do not miss the submission deadlines. Deadlines As applying for the energy cost subsidy II was possible until 7 December 2023, the applicant companies should have received the (conditional) subsidy approval by now. The companies are obliged to […]
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The European Commission has adopted new de-minimis regulations on 13 December 2023. A significant amendment is the increase of the de-minimis ceilings, in order to cater for rising inflation. Background State aid or aid of any kind granted from state funds are subject to EU State aid law. In case such State aid limits or […]
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During the COVID-19 pandemic, the BMF (Austrian Ministry of Finance) has paid out several aids in the form of COVID-19 subsidies pursuant to EU state aid law via the COVID-19 Finanzierungsagentur des Bundes GmbH (COFAG). In national implementation the granted application periods deviated from EU regulations resulting in initial applications submitted after 30 June 2022 […]
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In its decision G 265/2022-45 of 5 October 2023, the VfGH overturned several regulations regarding COFAG in the Austrian ABBAG Act as unconstitutional. In the course of its decision, the VfGH has decided that the requirements to transfer responsibilities of the state’s private-sector administration to the private legal entity COFAG were only met in part […]
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Companies, which were particularly affected by a significant increase in electricity prices in 2022, following the integration of greenhouse gas emission costs from European emissions trading, and which were exposed to the actual risk of carbon leakage, may apply for the electricity cost compensation 2022 at aws only until 30 September 2023. In our entry […]
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The Austrian Parliament passed the Electricity Cost Compensation Act 2022 (“SAG 2022”) in order to provide relief to Austrian companies, which were particularly affected by a significant increase in electricity prices following the integration of greenhouse gas emission costs from European emissions trading, and which were exposed to the actual risk of carbon leakage in […]
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On 12 January 2023, the new regulation on foreign subsidies (Foreign Subsidies Regulation, “FSR”) agreed by the European Parliament and the Council entered into force. The FSR is intended to enable the identification and redress of possible distortions in the EU internal market caused by foreign subsidies to companies operating in the EU. According to […]
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Already at the beginning of the year, the National Council resolved to extend energy costs subsidy 1, which was originally planned to run until September 2022. Now the guideline has been published just in time for the start of the application period on 17 April 2023. More details have also been announced with regard to […]
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The energy costs subsidy was introduced last year to cover a portion of the extra costs resulting from the exceptionally sharp increase in energy prices, and in this way to relieve companies. Further measures to combat the ongoing inflation have been passed and new details communicated. Extension of energy costs subsidy I Energy costs subsidy […]
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On 31 January 2023 the National Council approved the extension of the energy costs subsidy for companies as announced in the media in December 2022 (see newsletter from 3 January 2023). Specifically, the governing parties agreed to extend energy costs subsidy 1 (EKZ 1) until the end of December 2022 and to launch energy costs […]
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