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Commission disburses €8.5 billion under SURE to five Member States

The European Commission has disbursed €8.5 billion in the third instalment of financial support to five Member States under the SURE instrument.

SURE infographic © European Union, 2020
European Union, 2020

date:  03/12/2020

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As part of the SURE operations on 1 December, Belgium received €2 billion, Hungary €200 million, Portugal €3 billion, Romania €3 billion and Slovakia €300 million. This support, in the form of loans granted on favourable terms, will help these Member States cover costs directly related to the financing of national short-time work schemes, and other similar measures put in place as a response to the coronavirus pandemic, including for the self-employed. With this disbursement, 15 Member States have received around €40 billion under the EU SURE instrument between the end of October and the end of November. Once all SURE disbursements have been completed, Belgium will have received €7.8 billion, Hungary €504 million, Portugal €5.9 billion, Romania €4.1 billion and Slovakia €631 million. The Commission will proceed with further support under the EU SURE programme in 2021, up to the maximum available ceiling of €100 billion. In 2021, the Commission will also begin borrowing under NextGenerationEU, the temporary recovery instrument of €750 billion designed to build a greener, more digital and more resilient Europe.