Corona Virus
Covid-19

COVID-19 CRISIS 2020: Situation and measures taken in Europe

As a key supplier of the food and drink industry, the European flavour industry is mobilised to fulfil its role in EU’s food security during this difficult moment. EFFA celebrates the effort that our members and their employees are doing to achieve this objective and stays committed to provide information and assistance where needed. We would like to share with you an overview of EU and national measures on COVID-19 and the efforts to contain it and mitigate the consequences of the crisis.

THE EU ACTION

The EU is coordinating a common European response to the outbreak of COVID-19.

The Re-open EU web platform contains real-time information on borders and available means of transport and tourism services in the Member States.

On 17 June 2020, the European Parliament Think Tank has published a report on ‘States of emergency in response to the coronavirus crisis: Situation in certain Member States III’. This briefing is the third in a series aimed at providing a comparative overview of Member States' institutional responses to the coronavirus crisis.

The first in the series gives an overview of the responses in Belgium, France, Germany, Hungary, Italy, Poland and Spain (available here) while the second covers Austria, Bulgaria, Estonia, Latvia, Malta, Romania and Slovenia (available here).

Specific measures related to the agri-food chain and trade

The European Commission has issued a Fact Sheet on Coronavirus: emergency response to support the agriculture and food sectors, outlining the measures taken to support the agri-food sector.

Financial measures

€2.4 trillion Recovery plan for Europe was unveiled to repair and prepare for the next generation.

To kick-start the European recovery, protect lives, livelihoods and jobs, the European Commission is proposing a major €2.4 trillion recovery plan based on using a powerful and modern EU budget.

Find out more about the EU’s Recovery Plan

How can a flavour house access EU funding?

On April 16 the EIB Board of Directors meeting approved the EIB Group’s response to economic effects of COVID-19 crisis: a €25 billion European guarantee, whose goal is to deliver up to €200 billion in support of the real economy, with a focus on small and medium-sized companies, the EU economy’s backbone.

Most of the financing will be made available through financial intermediaries in all the EU countries; that means either through commercial banks or National Promotional Institutions. Once the funds are available, companies can file requests with the participating banks and intermediaries. This list will be available on the European Investment Bank website and EIF’s dedicated page as soon as the relevant financing agreements have been concluded.

Meanwhile you it’s possible to check here the EIF’s current network of financial intermediaries in each country. You can sign up to the EIB Newsletter for the EIB coronavirus alerts.