Coronavirus10 hours back (Jan 21, 2021 02: 10 PM ET)
© Reuters. FILE PICTURE: EU Commissioners Vestager and Breton conclude news conference in Brussels
The Commission, which monitors to guarantee that federal governments do not unfairly assist business for competitive benefit, said in a statement the German plan was a “proportionate” action and in line with EU state aid guidelines.
The scheme entitles companies from all sectors to payment for damages sustained throughout lockdowns imposed in Germany to consist of the coronavirus pandemic in March-April and November-December last year.
The European Union’s antitrust chief, Margrethe Vestager, said the measures would complement German state aid plans, already authorized by the EU, providing assistance of approximately 4 million euros per business.
Disclaimer: Fusion Media would like to advise you that the information included in this website is not necessarily real-time nor accurate.
Combination Media or anyone included with Fusion Media will not accept any liability for loss or damage as a result of reliance on the info including data, quotes, charts and buy/sell signals contained within this site.