Press Release: State aid: Commission clears support for urban regeneration projects in Greece and Bulgaria

The European Commission has approved, under EU State aid rules, a Greek and a Bulgarian scheme aimed at supporting urban regeneration projects through the Joint European Support for Sustainable Investment in City Areas (JESSICA) initiative. The Commission found the schemes to be in line with EU state aid rules that allow supporting the development of certain economic areas, in particular because they address market failures affecting urban regeneration projects without unduly distorting competition in the EU Single Market.