On Tuesday 30 June, the European Commission adopted a third amendment extending to micro, small and medium enterprises (SMEs) and start-ups the temporary state aid guidelines adopted in March to deal with the Covid-19 pandemic.
Member States are now allowed to provide public support to all SMEs, even if they were already in financial difficulties before the end of 2019. Only companies that are genuinely in bankruptcy proceedings, have not reimbursed rescue aid or are the subject of a...