Margrethe Vestager

The EC Approves a €150 Million Bulgarian Scheme to Support SMEs

The European Commission has approved a €150 million (approx. BGN 294 million) Bulgarian scheme to support small and medium-sized enterprises (SMEs) in the context of the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020.

PM Orban's working visit to Brussels continues; meeting with EP President Sassoli, on agenda

Prime Minister Ludovic Orban continues his three-day visit to Brussels on Wednesday. Prime Minister Ludovic Orban is meeting on Wednesday with European Parliament President David Sassoli and afterwards the two officials are to hold a joint press conference.

Commission approves plan for bad loans

The European Commission on Thursday approved the Greek state's "Hercules" plan to reduce local banks' bad loans by up to 30 billion euros, and Deputy Finance Minister Giorgos Zavvos called on the country's lenders to utilize the project, making the most of the favorable market climate that cuts the cost of state collateral.

EPP Group Chair in the EP: The Deal between Volkswagen and Turkey Must Be Reviewed

EPP Group chair in the European Parliament, Manfred Weber, has sent a letter to EU's competition commissioner Margrethe Vestager, asking the European Commission to start a review of the deal between German carmaker Volkswagen and Turkey over building a new plant close to Izmir, BNT reported, quoted by BNR

Commission 'warmly supports' independence of competition authorities, says spox

The European Commission "warmly supports" the independence of national competition authorities, an EU spokesperson said Tuesday, commenting on a phone call last week between Greek Premier Kyriakos Mitsotakis and Competition Commissioner Margrethe Vestager on a newly approved law that replaced the head of the Hellenic Competition Commission (HCC).

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