EU Commission approves Italy’s tourism support package – EURACTIV.com & More News Here

The European Commission green-lighted Italy’s €698 million help package included within the nationwide Recovery and Resilience Plan, which goals to mitigate the financial affect of COVID-19 on firms within the tourism sector, it introduced on Wednesday.

The tourism sector accounts for six% of the nation’s GDP, or about €93 billion, in accordance with the Italian National Institute of Statistics (Istat). But due to the COVID-19 pandemic, many journey businesses, tour operators, and motels confronted pressing liquidity wants, risking infiltration by organised crime.

“Companies active in the tourism sector have seen their revenues significantly decline because of the coronavirus outbreak and the restrictive measures in place. This €698 million Italian scheme will enable Italy to support these companies by helping them meet their liquidity needs and ensuring the continuity of their activities,” Executive Vice-President Margrethe Vestager has mentioned.

The help will take the type of direct grants and tax credit for tourism firms and credit for journey businesses and tour operators.

However, labour shortages may threaten the continuity of tourism actions this summer time. According to estimates from the tourism ministry, motels and eating places want between 300,000 and 500,000 staff.

Tourism Minister Massimo Garavaglia of the right-wing get together Lega prompt opening the doorways to overseas employees regardless of her get together having campaigned on the ‘Italians first’ slogan for years.

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