EC announced the prolonged validity of certain State aid rules and adjustments to the existing rules to mitigate the impact of COVID-19 on companies.
In a press release issued on 2 July, the European Commission announced that it has prolonged the validity of certain State aid rules. It has also decided to make certain targeted adjustments to the existing rules with a view to mitigate the economic and financial impact of COVID-19 on companies.
a) prolong by one year (until 2021) the following rules which would otherwise expire in 2020:
b) prolong by three years (until 2023) the following rules which would otherwise expire in 2020:
c) adjust the current rules;
SGEI (services of general economic interest) de minimis Regulation
The SGEI de minimis Regulation is a framework for supporting the delivery of public services to citizens. The EU Commission has recently proposed to prolong by three years such Regulation, which would otherwise expire in 2020, and to allow undertakings that entered into difficulty because of the COVID-19 outbreak to remain eligible for this type of aid for a limited period of time.
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