CoR calls for boldness when implementing new solutions to strengthen European SMEs

The European Committee of the Regions (CoR) stressed within the opinion adopted by unanimity at the Plenary Meeting on the 2nd of December, that the European Commission’s report on competition policy 2020 must be followed by bold acts. The EU should take the needs of SMEs into account to create a fair and level playing field for the benefit of all EU citizens, considering the implications of the pandemic and the consequences of substantially increased amounts of state aid. Therefore, any COVID-19-related aid should be granted only to businesses that are experiencing the immediate financial impact of the pandemic.

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