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State aid: Commission prolongs and further expands Temporary Framework to support economy in context of coronavirus outbreak - Vimarsana News

State aid: Commission prolongs and further expands Temporary Framework to support economy in context of coronavirus outbreak

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 is continuously examining the need to further adapt the Temporary Framework. The Temporary Framework...