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May 12, 2021 You are here: Home / European Union News / State aid: Commission approves €500 million Greek scheme to support food service companies affected by coronavirus outbreak State aid: Commission approves €500 million Greek scheme to support food service companies affected by coronavirus outbreak (Credit: Unsplash) This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, a €500 million Greek support...

2 days ago The European Commission has approved a €11.6 million Czech scheme to support businesses active in the travel services sector in the context of the coronavirus outbreak. The measure was approved under the State Aid Temporary Framework. The public support will take the form of bank guarantees, securing these beneficiaries’ co-participation under a compulsory insurance against bankruptcy. Guarantees will be issued by Czechia’s promotional bank, the Czech-Moravian Guarantee and De...

The European Commission has approved an €8.8 million Estonian scheme to support organizers of cultural events in the context of the coronavirus outbreak. Under the support scheme, the support will take the form of direct grants of up to €150,000 per company to cover the costs related to their activities that have been cancelled due to the coronavirus outbreak as well as other costs incurred to ensure the continuation of their operations, the European Commission announced on Monday. Th...

Why is an update of the 2020 New Industrial Strategy needed? On 10 March 2020, the Commission laid the foundations for an industrial policy that would support the twin transitions to a green and digital economy, make EU industry more competitive globally, and enhance Europes open strategic autonomy. One day after, the World Health Organisation declared COVID-19 a pandemic. This update neither replaces the 2020 Industrial Strategy nor completes the processes launched by it - much of that work is...

To embed, copy and paste the code into your website or blog: The European Commission’s antitrust arm, DG COMP, has for the second time publicly confirmed that a COVID-19 initiative among pharmaceutical companies is compliant with EU antitrust laws. It did so by way of a “comfort letter,” an informal and ad hoc procedure that has not been used for 20 years prior to the COVID-19 outbreak. The letter offers important practical reassurance specifically linked to the extraordinary circumstance...

This article is brought to you in association with the European Commission. The European Commission has found a €462 million Portuguese support measure in favour of Transportes Aéreos Portugueses, S.A. (“ TAP”) to be in line with EU State aid rules. The measure aims at compensating the airline for the damage suffered due to the coronavirus outbreak between 19 March and 30 June 2020. Executive Vice-President Margrethe Vestager in charge of competition policy, said: “ This measure will...

10 hours ago The European Commission approved a €8 million Cypriot scheme to support tour operators affected by the coronavirus outbreak. The measure was approved under the State aid Temporary Framework. The public support, which will take the form of direct grants, will be open to tour operators that carry out activities in the Republic of Cyprus and have concluded contracts with air carriers travelling to Cyprus via the airports of Larnaca and Paphos. The scheme aims at stimulating incoming...

Roissy, 12 April 2021 Air France-KLM launches a capital increase without shareholders’ preferential subscription rights, by way of a public offering and...

This article is brought to you in association with the European Commission. The European Commission has approved under EU State aid rules, an approximately €1.74 billion (DKK 13 billion) Danish scheme to compensate mink farmers and mink-related businesses for measures taken in the context of the coronavirus outbreak. This follows the receipt of a complete notification from Denmark on 30 March 2021. Executive Vice-President Margrethe The Danish government took far reaching measures to preve...

Four projects led by local researchers to broaden data on infectious diseases and research innovative solutions have been awarded up to €3.7 million in grants from the COVID-19 R&D Fund.  Announced last April, the scheme was approved by the European Commission under the State aid Temporary Framework, with the aim of supporting research related to the COVID-19 outbreak.  In a press conference on Thursday, the Malta Enterprise and the Malta Council for Science and Technology announced the fou...