Page 12 - Temporary Framework News Today

Sursa foto: WorldBakers The European Commission has extended until December 31, 2021 and expanded the Temporary State Aid Framework to support European economies in the context of the coronavirus pandemic, informs the National Credit Guarantee Fund for SMEs (FNGCIMM), an institution that contributes to the relaunch of the Romanian economy through the National Investment and Economic Recovery Plan with four programmes. "The European Commission has announced the extension until December 31, 2021 ...

In this Issue: United States 1. FTC to study impact of physician group and health care facility mergers. As part of its Merger Retrospective Program, on Jan. 13, 2021, the FTC issued an Order to File a Special Report to six health insurance companies. The FTC plans to use information gathered through the Special Report (e.g., patient-level data from 2015 to 2020) to analyze the competitive impact of physician and health care facility consolidation, as well as mergers and acquisitions, in marke...

This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, a €300 million Austrian scheme for package travel organisers and facilitators of linked travel services in the context of the coronavirus outbreak. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “ The package travel industry has been hit hard by the coronavirus outbreak, due to restrictions on international travel ...

Sibiu talks about its new incentive scheme, with up to €800,000 available per airline Sibiu Airport, in the centre of Romania, has a catchment of around 2.6 million. It is now offering EU-approved state aid of up to €800,000 per airline. For details, see the airport’s The Route Shop profile. Despite Sibiu Airport’s traffic decline from coronavirus, its management team has been working hard to get the airport back to traffic levels seen pre-pandemic as soon as possible. To help with this...

Friday, February 5, 2021 UK merger control – a new dawn? The start of 2021 coincides with the end of the transition period following the UK’s withdrawal from the EU. In turn, this brings about the most significant change to UK merger control since the introduction of the current UK regime by the Enterprise Act 2002. This is because, as reported in previous editions of Competition Currents, one of the key consequences of the end of the transition period is that the EU’s “one-s...

European Commission Press release Brussels, 28 Jan 2021 The European Commission has issued a €14 billion social bond under the EU SURE instrument to help protect jobs and people in work. The issuing consisted of two bonds, with €10 billion due for repayment in June 2028 and €4 billion due for repayment in November 2050. European Commission Press release Brussels, 27 Jan 2021 Today, the Commission has appointed three new Heads of the Representations. Ms María De Los Angeles Benítez Salas...

The European Commission has decided to prolong until 31 December 2021 the State aid Temporary Framework adopted on 19 March 2020 to support the economy in the context of the coronavirus outbreak. The Commission has also decided to expand the scope of the Temporary Framework by increasing the ceilings set out in it and by allowing the conversion of certain repayable instruments into direct grants until the end of next year. Prolongation of the Temporary Framework.     The Commission ...

Friday, January 29, 2021 On January 28 2021, the European Commission (Commission) amended its COVID-19 Temporary State aid Framework (Temporary Framework) for the fifth time. The Commission adopted the Temporary Framework at the beginning of the COVID-19 crisis (March 19 2020) to support the economy and help Member States set up various aid measures. Since the adoption of the Temporary Framework, the Commission has approved hundreds of national COVID-19 support measures. Given that th...

[co-author: Federica Lombardo] We describe below the legal impact on Italian loan transactions of the current health emergency caused by COVID-19 in light of the latest legislative measures, including a suspension of interest and principal payments on loans to SMEs, the rescheduling of repayment plans, and a State guarantee for loans to larger corporates. SMEs also benefit from a mandatory hold of credit facilities, and there is a general suspension of insolvency proceedings, mandatory recapita...

Vandaag heeft de Europese Commissie de lidstaten een conceptvoorstel ter raadpleging toegezonden om het tijdelijke steunkader, dat oorspronkelijk op 19 …