Margrethe Vestager

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).

EU voucher scheme to boost superfast internet take-up

The European Commission has approved under European Union state aid rules a voucher scheme to support the take-up in Greece of broadband services with download speeds of at least 100 megabits per second.

The measure will contribute toward reducing the digital divide, while limiting distortions in competition.