News

The EU’s Digital Services Act Package: Modelling Europe’s Digital Future

Kyriakides Georgopoulos Law Firm has issued its latest Competition newsletter, discussing the EU’s Digital Services Act Package - Modelling Europe’s Digital Future.

White Paper on Foreign Subsidies in the EU Market

On 17 June 2020 the European Commission adopted the White Paper on foreign subsidies in the Single Market.

State Aid: European Commission Approves EUR 300 Million Public Co-Finance for the Greek Ultrafast Broadband Scheme

According to the Digital Economy and Society Index 2019 (DESI 2019), Greece ranks 26th amongst EU countries in fast broadband coverage per household. In particular, only 66% of homes have access to fast internet of above 30 Mbps, far below the EU coverage of 83%, and less than 1% have access to ultrafast broadband of at least 100 Mbps. The European Commission has recently approved as compatible State Aid €300 million of public support for Greece's Ultrafast Broadband Infrastructure Scheme (publication of decision pending - case number SA.53135). The scheme will bring ultrafast broadband services to approximately 2.400.000 customers in areas with insufficient connectivity in Greece.

COVID-19

Package Travel Directive – COVID-19 Adjustments Strongly Needed

COVID-19 hit worldwide tourism at an unprecedented level. UNWTO estimated, as of March 2020, aggregate losses of up to USD 350-400 billion, which is one-third of the global turnover of tourism business.

EU Relaxes the Rules on Horizontal Cooperation during COVID-19 Crisis

Following the joint statement of 23 March 2020 by the European Competition Network, consisting of the European Commission, the European Surveillance Authority and the national competition authorities of each EU/EEA Member States on the joint approach to the application of competition law during the coronavirus crisis, the European Commission issued on 8 April 2020 a Temporary Framework Communication, providing a more comprehensive antitrust guidance to companies cooperating in response to the crisis.