ROME: EU companies hurt by sanctions imposed on Russia over Ukraine may see a 25 per cent rise in state aid to 500,000 euros to help them cope with the invasion's impact and resulting energy crunch, a European Commission document seen by Reuters showed.
The Commission in March relaxed its state aid rules to allow EU states to give up to 400,000 euros in state support and compensation up to 30 per cent of energy costs. Companies in the agriculture sector may be allowed to get up to 62,000 euros in state support and those in fishery and aquaculture up to 75,000 euros versus a current 35,000-euro cap.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EU Commission seeking info from former EU digital chief Kroes on UberBRUSSELS : The European Commission has asked former EU digital chief Nellie Kroes for more information on her alleged involvement in lobbying for U.S. ride-hailing app Uber, a Commission spokesperson said on Monday.The International Consortium of Investigative Journalists and multiple media, citing leaked
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Italy's watchdog warns TikTok about alleged breach of EU privacy rulesMILAN : Italy's data protection authority has formally warned Chinese-owned short video-sharing app TikTok about an alleged breach of existing EU rules to safeguard users' privacy, the watchdog said on Monday. TikTok, which has seen rapid growth worldwide particularly among teenagers, had told users in re
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hit by COVID-19, EU population shrinks for second year running: EurostatThe European Union's population shrank for a second year running last year, the bloc's statistics office said on Monday (Jul 11), as the region reels from over two million deaths from the coronavirus. According to Eurostat, the population of the 27 countries that make up the bloc fell by close to 172,000 f
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
EU backs second COVID-19 booster for over-60s, before variant-adapted vaccines are readyBRUSSELS: European Union health agencies on Monday (Jul 11) recommended a second COVID-19 booster for everyone over 60, as well as medically vulnerable people, amid a new rise in infections and hospitalisations across Europe. While existing coronavirus vaccines continue to provide good protection against h
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Skating-Governing body ISU asks EU top court to scrap penalty rulingLUXEMBOURG : The International Skating Union (ISU) on Monday asked Europe's top court to scrap an EU regulatory order that prevents penalising speed skaters for taking part in rival events, saying a ruling upholding the order contained 'manifest legal errors'.The case could make it easier for unofficial a
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
EU regulators accept Deutsche Telekom's Czech mobile unit, 02 Czech concessionsBRUSSELS : EU antitrust regulators on Monday accepted concessions from Deutsche Telekom's Czech mobile unit, 02 Czech and Czech telecoms infrastructure provider Cetin to ensure competition in the Czech Republic and ended their investigation.The European Commission in 2019 charged the companies of restrict
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »