The European Commission has issued a release announcing its approval of a EUR 3.7 billion (SEK 39 billion) Swedish scheme providing direct grants to cover fixed costs of companies that have suffered a drop in turnover and subsequent losses due to COVID-19. --- State aid: Commission approves €3.7 billion Swedish scheme to compensate companies for damages suffered due to coronavirus outbreak The European Commission has found an approximately €3.7 billion (SEK 39 billion) Swedish scheme that partially compensates companies exposed to large turnover decline for damages suffered due to the coronavirus outbreak to be in line with EU State aid...