2.8 C
București
duminică, 5 decembrie 2021 - 13:04
No menu items!

EU extends Covid-19 subsidy rules until mid-2022

spot_img

Relaxed European Union state-aid rules that paved the way for governments to pledge $3.4 trillion to support the bloc’s pandemic-struck economy have been extended until mid-2022, according to Bloomberg. 

“The EU is looking for a progressive and coordinated phase-out of crisis measures without creating cliff-edge effects,” Competition Commissioner Margrethe Vestager said in a statement on Thursday.

The current rules were previously due to expire at the end of the year. Regulators are also introducing two measures to help to trigger “forward-looking private investment” and solvency support for an additional time.