EU aims to extend looser state aid rules to help virus-hit firms By Reuters

EU aims to extend looser state aid rules to help virus-hit firms By Reuters
EU aims to extend looser state aid rules to help virus-hit firms By Reuters

© Reuters.

BRUSSELS (Reuters) – EU competition regulators plan to extend looser state aid rules until the end of 2021 to help European companies hit by the coronavirus pandemic, including allowing EU governments to grant more funding, the European Commission said on Tuesday.

The EU executive eased the rules in March last year to help the 27-country bloc protect jobs and support the economy. The Commission said it has asked EU countries for feedback before making a final decision.

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