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Tag: credit

State aid: EU Commission approves new prolongation of Polish credit union liquidation scheme

The European Commission has authorised, under EU State aid rules, the tenth prolongation of the Polish credit union liquidation scheme until 15 July 2021. The measure will continue to be available for credit unions that are member-owned entities and provide loans, savings accounts and payment services only to their membership. Credit unions fall outside the […]

State aid: EU Commission approves Dutch guarantee scheme to stabilise trade credit insurance market in coronavirus outbreak

The European Commission has approved, under EU State aid rules, a Dutch guarantee scheme to support the trade credit insurance market in face of the coronavirus outbreak. Trade credit insurance protects companies supplying goods and services against the risk of nonpayment by their clients. Given the economic impact of the coronavirus outbreak, the risk of […]

State aid: EU Commission approves €20 million Portuguese credit line scheme to support fishery and aquaculture sector in coronavirus outbreak

The European Commission has approved a Portuguese scheme to support the Portuguese fishery and aquaculture sector 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. The public support will consist in the provision […]

State aid: EU Commission approves German guarantee scheme to stabilise trade credit insurance market in coronavirus outbreak

The European Commission has approved, under EU State aid rules, a German guarantee scheme to support the trade credit insurance market in the face of the coronavirus outbreak. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “The German guarantee scheme will help ensure that trade credit insurance continues to be available to all […]

State aid:EU Commission approves €10 billion French guarantee scheme to support domestic credit insurance market in coronavirus outbreak

The European Commission has approved, under EU State aid rules, a €10 billion French guarantee scheme to support the domestic credit insurance market in the context of the coronavirus outbreak. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “The €10 billion French guarantee scheme will make sure that domestic trade credit insurance can […]