The EC also cleared modifications to the duration and interest rates of loans, and aid ceilings in existing schemes, as well as an extension of the period during which the aid may be granted until end-2023.
The commission found the schemes remain "necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a member state", in line with the Treaties and conditions set out in the Temporary Crisis Framework.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
