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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 scheme to support food service companies affected by the coronavirus outbreak. The scheme was appro...

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 Development Bank, on behalf of the Ministry of Industry and Trade. The support will help beneficiaries...

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. The Commission concluded that the measure is necessary, appropriate and proportionate to remedy a seri...

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 Europe's 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 in progress, and requires dedicated efforts. This is a targeted update, which focuses on what more...

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 circumstances of the pandemic. At the start of the global pandemic, in April 2020, DG COMP issued a Temporary Fr...