COVID-19 Recap

 

Orgalim continues to closely monitor the COVID-19 situation. On this page, you can read about the latest policy initiatives and EU developments regarding the COVID-19 crisis that are affecting Europe's technology industries. 

In these difficult times Europe’s industry plays a crucial role in supporting society’s needs. We are therefore calling on Europe’s leaders to prioritise helping our industries, of which 90% are SMEs, to survive and regain their financial vigour.

On this page you can find news published in the last 14 days. If you would like to receive earlier policy updates or you have any other questions or would like to talk to a member of the team, please do get in touch: communications@orgalim.eu.

 
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NEW Access for treatment of COVID-19

On 28 July, the Commission signed a contract with the pharmaceutical company Gilead to secure treatment doses of Veklury, the brand name for Remdesivir. Veklury was the first medicine authorised at EU level for treatment of COVID-19. As from early August onwards, and in order to meet immediate needs, batches of Veklury will be made available to Member States and the UK, with the coordination and support of the Commission.

 

NEW Evaluation of CRII packages

On 29 July, the Commission published a first, provisional evaluation of how EU Member States have been making use of the Coronavirus Response Investment Initiative (CRII) packages. Since the adoption of the first CRII proposal, Member States have mobilised vast amounts of cohesion policy resources to fight the coronavirus crisis. So far, 26 EU countries and the UK have made use of the flexibilities provided for under the CRII, and 18 countries have adjusted their cohesion policy programmes accordingly.

 

NEW EU Consumer Protection authorities and the Commission complete checks to protect consumers from scams online

On 29 July, the Commission and the Consumer Protection Cooperation Network (CPC Network) published the results of the second high-level screenings on coronavirus scams, carried out in June, following the Commission's call to fight coronavirus-related misleading products and adverts. This follows on from the high-level screening of platforms carried out in May. Among 73 checks of major platforms, one-third (23 checks) found a significant number of dubious offers and advertisements. These companies were informed about the overall findings and gave updated reports on the measures they have been taking to tackle the issue.

 

Commission and European Investment Fund unlock €100 million for businesses

On 28 July, the Commission and European Investment Fund developed a set of measures to support the venture capital market and innovative companies impacted by the coronavirus pandemic. The measures, channelled through the InnovFin Equity Facility within Horizon 2020, will translate into additional liquidity to strengthen the capital base of European SMEs and small mid-cap companies.

 

Call for innovative response and recovery partnerships between EU regions

On 27 July, the Commission launched a call for expressions of interest for thematic partnerships to pilot interregional innovation projects that support the response and recovery following the coronavirus pandemic. Under this call, the Commission seeks expressions of interest from transnational partnerships of regional authorities and other stakeholders as universities, research centres, clusters and SMEs willing to pilot interregional innovation partnerships aimed at facilitating the commercialisation and scale-up of interregional innovation projects and to incentivise business investment. More information here

 

Capital Markets Recovery Package

On 24 July, the Commission adopted a Capital Markets Recovery Package, as part of the Commission's overall coronavirus recovery strategy. On 28 April, the Commission had already proposed a Banking Package to facilitate bank lending to households and businesses throughout the EU. Today's measures aim to make it easier for capital markets to support European businesses to recover from the crisis. The package proposes targeted changes to capital market rules, which will encourage greater investments in the economy, allow for the rapid re-capitalisation of companies and increase banks' capacity to finance the recovery. 

 

Commission Recovery and Resilience Task Force takes up its work as of 16 August

Following the European Council agreement on 21 July, a Recovery and Resilience Task Force will be created within the Commission's Secretariat-General. Effective as of 16 August, the Recovery and Resilience Task Force will support Member States with the elaboration of their recovery and resilience plans, ensure that plans comply with the regulatory requirements, deliver on the objectives of the green and digital transitions, monitor the implementation of financial support and coordinate the European Semester in this period of time. In order for the Task Force to be fully operational immediately, the College has decided to designate Deputy Secretary-General Céline Gauer as Acting Head.