The European Commission will phase out the State aid COVID Temporary Framework adopted on 19 March 2020 and last amended on 18 November 2021, which allows Member States to remedy a serious disturbance in the economy in the context of the coronavirus pandemic.
The European Commission indicates that the Temporary Framework for State aid will not be extended beyond its scheduled expiry date of 30 June 2022 for most of the tools provided. The existing phase-out and transition plan will not be changed, including the possibility for Member States to provide specific investment and solvency support measures until 31 December 2022 and 31 December 2023 respectively.
Margrethe Vestager, the executive vice-president responsible for competition policy, said that the European Commission has adopted more than 1,300 decisions in the context of the Covid-19 pandemic, approving almost 950 national measures for a total amount of approved State aid estimated at more than €3 trillion. In the period between mid-March 2020 and the end of June 2021, of the more than €3 trillion of aid approved in this period, around €730 billion was actually spent.
More info: https://aeur.eu/f/1ld (Original version in French by Lionel Changeur)