Economy

Germany accounts for almost half of the state aid authorized by Brussels

"We have a total of 175 measures [approved] that amount to around 2,13 billion euros," announced today European Commission Executive Vice President Margrethe Vestager, speaking at a hearing at the European Parliament's Economic and Monetary Affairs Committee, in Brussels.

António Saraiva: “Companies need non-refundable support. They don't want to aggravate debt ”

The weekly CIP / ISCTE barometer reveals that 82,2% of companies prefer capitalization support that does not increase their indebtedness and 41,7% say that they want to suspend or cancel investments planned for 2020. CIP President António Saraiva says that needs for business support lines increased to 10,5 billion euros.

Motor trade wants fiscal flexibility to defer IUC payments

The automotive trade sector says it already has 50% of customer visits, but needs greater incentives for the scrapping of end-of-life vehicles, say participants in the '30 to 3 ′ promoted by Montepio Crédito in partnership with Jornal Económico . The sector believes that it is necessary to increase customer confidence to relaunch car sales.

Brussels guarantees “strict rules” in PPPs in defense of European values

“We are implementing strict EU rules, in full compliance with EU values. We are also taking financing decisions, consulting with various stakeholders, always placing the health and environmental needs of citizens at the top of the priority, ”the official EC source told Lusa.

Germany enters recession: GDP recorded the biggest drop since the economic crisis in 2008

In the first quarter of the year, the German Gross Domestic Product (GDP) fell by 2,2% compared to the previous three months, when it fell by 0,1%.

French government measures cost € 450 billion

This amount was used to try to keep the country's economy sustainable due to the coronavirus pandemic and is equivalent to 20% of the Gallic Gross Domestic Product (GDP).
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