The European Commission said on Friday 17 April that it is analysing replies from EU countries on updating the state aid framework to allow countries to recapitalise companies in light of COVID-19. The procedure leading to the adoption of the text is therefore still under way and will have to wait a few more days, the Commission indicated (see EUROPE B12465A3).
The Financial Times infers from the draft text (State Aid framework) that companies receiving capital from EU member states during...