• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

EU wants to extend looser state aid rules for virus-hit companies to mid-2022

September 30, 2021 by David Barret Leave a Comment

September 30, 2021

By Foo Yun Chee

BRUSSELS (Reuters) -The European Commission on Thursday proposed extending looser state aid rules for virus-hit companies for six months to June 2022 in a bid to slowly wean them off the billions of euros provided by governments across the European Union.

The EU executive, tasked with ensuring a level playing field in the 27-country bloc, also proposed two new measures to encourage investment support and solvency support for a limited time to help Europe rebound from the impact of the COVID-19 pandemic.

The so-called Temporary Framework, adopted in March last year and due to expire at the end of this year, has allowed EU countries to pump in more than 3 trillion euros to thousands of companies across the bloc.

“We need to be aware of disparities across member states and the need to avoid cliff-edge effects when withdrawing public support,” Commission Vice-President Margrethe Vestager said in a statement.

“We are therefore proposing a progressive phase-out of crisis support measures to enable member states and industry to adjust, accompanied by measures to kick-start and crowd-in private investment in the recovery phase,” she said.

While the proposed investment support measures are aimed at a wide group of beneficiaries and should be limited in size, the solvency support measure is targeted at small- and medium-sized companies which typically rely on bank loan financing.

A final decision will be taken once EU countries provide feedback to the proposals.

(Reporting by Foo Yun Chee; Editing by Kirsten Donovan)

Source Link EU wants to extend looser state aid rules for virus-hit companies to mid-2022

David Barret
David Barret

Related posts:

  1. U.S. trade chief urges ASEAN envoy to visit Myanmar soon, promote dialogue
  2. Biden’s new FTC nominee is a digital privacy advocate critical of Big Tech
  3. LGBTQ groups hope Japan PM race may lead to same-sex marriages
  4. The Taliban vowed no revenge. One Afghan family tells a different story

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • In 2011, Slavc The Wolf Journeyed 1,000 Miles To Begin Verona’s First Wolf Pack In 100 Years
  • Anyone Know What These Marine “Y-Larvae” Grow Into? Because Scientists Have No Clue
  • C/2025 A6 (Lemmon) Closest Earth Approach Is Next Month – Will We See It With The Naked Eye?
  • In 2013, A Volcanic Eruption Wiped Out Life On This Remote Island. Then, Somehow, Plants Reemerged
  • 1-Year-Old Orca Takes Out A Big Fat Seal In This Award-Winning – And Extremely Badass – Photo
  • Saturn And Neptune Will Reach Their Brightest In Days – And Look For Saturn’s Temporary Beauty Spot
  • Reindeer Bring A Gift Greater Than Any Of Santa’s – Hope Of A Stable Climate
  • If Deep-Sea Pressure Can Crush A Human Body, How Do Deep-Sea Creatures Not Implode?
  • Meet Ned: The Lonely Lefty Snail Looking For Love
  • “America Will Lead The Next Giant Leap”: NASA Announces New Milestone In Hunt For Exoplanets
  • What Did Neanderthals Sound Like?
  • One Star System Could Soon Dazzle Us Twice With Nova And Supernova Explosions
  • Unethical Experiments: When Scientists Really Should Have Stopped What They Were Doing Immediately
  • The First Humans Were Hunted By Leopards And Weren’t The Apex Predators We Thought They Were
  • Earth’s Passage Through The Galaxy Might Be Written In Its Rocks
  • What Is An Einstein Cross – And Why Is The Latest One Such A Unique Find?
  • If We Found Life On Mars, What Would That Mean For The Fermi Paradox And The Great Filter?
  • The Longest Living Mammals Are Giants That Live Up To 200 Years In The Icy Arctic
  • Entirely New Virus Detected In Bat Urine, And It’s Only The 4th Of Its Kind Ever Isolated
  • The First Ever Full Asteroid History: From Its Doomed Discovery To Collecting Its Meteorites
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version