Print Magazine
Brussels Morning Newspaper
Tuesday, June 21, 2022
No Result
View All Result
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Europe With Transparency
    • Sustainable Perspective
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Europe With Transparency
    • Sustainable Perspective
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
No Result
View All Result
Home EU Institutions Commission

EC approves Italian aid scheme for rail transport

Nikola Kiš by Nikola Kiš
21 June 2022
in Commission
EC to start discussion on EU budget rules
Share on FacebookShare on Twitter

Belgium, (Brussels Morning Newspaper) The European Commission approved Italy’s aid scheme for rail freight transport companies for damage caused in 2020.

The EC pointed out in a statement on Monday that the companies suffered damage between 12 March and 31 May 2020 due to restrictions imposed with the aim of curbing the spread of coronavirus.

Margrethe Vestager, European Commissioner for Competition, stressed that the measure worth 374 million euro will compensate rail freight companies.

“We continue working closely with all member states to ensure that national measures to support all sectors that were hit by the crisis, including the rail sector, can be implemented as quickly as possible, in line with EU rules,” she added.

Since the coronavirus pandemic broke out, many countries imposed restrictions aimed at controlling the pandemic, including bans on trade, production and free movement, among other.

The Commission noted that these restrictions affected rail freight transport directly and indirectly, by limiting trade and production of goods usually transported by rail.

The body observed that, as a consequence of restrictions, revenues of many companies dropped, while their expenditure grew due to new hygiene and sanitary mandates.

Italy to provide grants

It stressed that beneficiaries will receive grants under the approved scheme to compensate them for the damage caused by restrictions in 2020 and added that all companies in the logistics chain are eligible.

The EC pointed out that it assessed Italy’s proposal under Article 107 of the Treaty on the Functioning of the European Union (TFEU), which allows EU member states to provide aid to companies or sectors as compensation for “damage caused by exceptional occurrences.”

Restrictions imposed in the coronavirus crisis qualify as such an occurrence, the Commission noted, stressing that the coronavirus pandemic was unforeseeable and extraordinary, and had significant economic impact.

It added that the Italian proposal is proportionate and does not go beyond compensation, noting that the proposed scheme is in line with EU rules.

The body pointed out that EU member states do not need EC approval for national aid schemes available to all companies or citizens, stressing that such aid can be provided immediately.

The CE adopted the State Aid Temporary Framework in March 2020 to expand state aid rules with the aim of allowing EU member states to support their economies better in the coronavirus crisis.

Tags: Italian aid scheme for rail transportMain-Slider

Latest post

City of Brussels not one step closer to promised outdoor swimming pool

City of Brussels not one step closer to promised outdoor swimming pool

4 hours ago
EU launches major antitrust probe of Google’s advertising business

Google promises to reimburse French publishers in landmark case

5 hours ago

Most Read

  • These are the 10 highest paying jobs in the Europe in 2022

    These are the 10 highest paying jobs in the Europe in 2022

    0 shares
    Share 0 Tweet 0
  • What Are The Highest Paying Jobs In Luxembourg?

    0 shares
    Share 0 Tweet 0
  • Energy Recovery Fund

    0 shares
    Share 0 Tweet 0
  • From a European Status of the Artist towards a European Strategy for Culture

    0 shares
    Share 0 Tweet 0
  • Freedom of the Press?Greece in the Autocratic Vortex of the Mitsotakis Administration

    0 shares
    Share 0 Tweet 0
Facebook Twitter Youtube LinkedIn

About Us

Brussels Morning is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.

Category

  • Ambassador’s Corner
  • Belgium News
  • Brussels
  • Commission
  • Council
  • Culture and Society
  • Diplomacy
  • Economy
  • EU Institutions
  • Europe
  • Europe With Transparency
  • Features
  • In Depth
  • Member States
  • Middle East Eye
  • Opinion
  • Our pick
  • Parliament
  • Place de la Bourse
  • Southeast Europe
  • Sustainable Perspective
  • The American Angle
  • The Macro-Economist
  • Uncategorised
  • US Elections
  • World

More info

  • About Us
  • Advertising
  • Cookies Policy
  • Contact Us
  • FAQ
  • Jobs

Brussels Morning Newspaper - All Rights Reserved © 2020

No Result
View All Result
  • Home
  • About Us
  • EU Institutions
    • Parliament
    • Commission
    • Council
  • Europe
  • World
  • Member States
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Sustainable Perspective
    • The American Angle
    • Southeast Europe
  • Print Magazine

Brussels Morning Newspaper - All Rights Reserved © 2020

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT