The EU Commission Executive Vice-President Margrethe Vestager gives a speech on the future of State aid rules for the recovery from the current COVID-19 outbreak

On 16 November 2020, Executive VP and Competition Commissioner Vestager spoke at the State Aid High Level Forum of the Member States, focusing on new State aid rules to respond to the current economic crisis caused by the pandemic.

In addition to the Temporary Framework for State Aid, which is extended until mid-2021, Commission Vestager emphasized the importance of the recently introduced Recovery and Resilience Facility (see here) under the European Recovery Plan (NextGenerationEU). This unprecedented measure will allow the EU to borrow and deploy resources from a budget of up to €670 billion, in view of achieving both economic recovery and the EU’s environmental and digital goals.

In the coming weeks, the European Commission plans to publish a set of templates providing State aid guidance in support of the Recovery and Resilience Facility. The templates will assist Member States in designing investments in line with the Union’s key priorities, in view of either avoiding notification or obtaining quick approval.

Commissioner Vestager further noted the Commission’s recently launched call for contributions seeking input on how State aid rules for energy and environmental protection can best support the EU’s Green Deal. The next step is a concrete legislative proposal, expected in 2021.

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Renato Antonini, The EU Commission Executive Vice-President Margrethe Vestager gives a speech on the future of State aid rules for the recovery from the current COVID-19 outbreak, 16 novembre 2020, e-Competitions November 2020, Art. N° 98135

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