rss icon Subscribe
desktop mobile

EU Softens Rules on Ports Investments

Logo: European Commission

By Aiswarya Lakshmi

European Commission has exempted public support measures in a number of areas from prior Commission state aid control, said a press statement.

This facilitates public investments in key infrastructure, namely ports and existing airports, but also public support for culture, multi-purpose sport arenas and the EU's outermost regions.
EU State aid rules ensure that companies can compete on equal terms in the EU Single Market to the benefit of European consumers. The EU Treaty gives the Commission the task of enforcing those rules.
Because fair competition is not just a question of what private companies do. We also have to look at what governments are doing - at how State-owned companies operate and at the subsidies that governments give.
That's why Member States are normally required to notify their plans for State aid to the Commission, and to go ahead only if the Commission gives its agreement.
This allows the Commission to prevent measures that distort competition, that hinder trade across national borders and undermine the EU Single Market. For example, if a Member State wants to give a better tax treatment to its national champion at the expense of more efficient competitors abroad.
At the same time, the vast majority of public support measures do not cause such problems. Either they are not State aid at all and fall outside the scope of EU State aid control. Or, they do amount to State aid but do not distort competition. They can all be implemented by Member States without having to ask the Commission for permission in advance.

May 18, 2017

 

Finance

Baltic Index Down for Fifth Straight Session

© hdcphoto / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk

PAO Sovcomflot: Tanker Market is Challenging

Photo: PAO Sovcomflot

PAO Sovcomflot (SCF Group) continued to increase the share of its fleet serving long-term energy

Federal Funding for Port of Vancouver

Photo: Vancouver Fraser Port Authority

The Vancouver Fraser Port Authority received federal funding for projects that will improve the

Government Update

‘Black Box’ Promises to Crack Down on Ship Emissions

© Igor Terekhov / Adobe Stock

The Danish Maritime Association (DMA) has been examining new ways to use digital solutions for

US Exports to China to Rise amid Trade Talks, but Volumes are Capped

© donvictori0 / Adobe Stock

China has pledged to buy more U.S. goods to reduce America's huge trade deficit and help avoid

Oil Up as U.S., China hit the Trade War Pause Button

Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world's two biggest economies "on hold".

Maritime Apps