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Coronavirus14 hours within the past (Jan 21, 2021 02: 10PM ET)
© Reuters. FILE PHOTO: EU Commissioners Vestager and Breton reside news conference in Brussels
BRUSSELS (Reuters) – The European Price acknowledged on Thursday it had celebrated the German authorities’s 12-billion-euro arrangement to compensate companies for damages incurred on account of coronavirus lockdowns last year.
The Price, which displays to make certain that governments reside no longer unfairly encourage companies for aggressive advantage, acknowledged in an announcement the German arrangement turned into as soon as a “proportionate” response and per EU issue reduction principles.
The arrangement entitles companies from all sectors to compensation for damages incurred in the end of lockdowns imposed in Germany to personal the coronavirus pandemic in March-April and November-December last year.
The reduction contains grants covering up to 100% of the hurt suffered in the end of the lockdowns, or 75% of a company’s turnover in November and December 2019.
The European Union’s antitrust chief, Margrethe Vestager, acknowledged the measures would complement German issue reduction schemes, already celebrated by the EU, offering toughen of up to 4 million euros per company.
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