State Aid to the EU Economy before and after the Pandemic

The article gives an idea about the volume of companies subsidizing in the EU. The characteristics of the last decade are revealed: stable growth, which led to a doubling of government aid spending, then a huge surge at the end of the period under review due to the COVID-19 crisis. The types of assi...

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Main Author: Kondratieva, N.B.
Format: Article
Language:Russian
Published: Institute of Europe Russian Academy of Sciences 2022-12-01
Series:Научно-аналитический вестник Института Европы РАН
Subjects:
Online Access:http://vestnikieran.instituteofeurope.ru/images/6-2022/Kondratieva62022.pdf
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author Kondratieva, N.B.
author_facet Kondratieva, N.B.
author_sort Kondratieva, N.B.
collection DOAJ
description The article gives an idea about the volume of companies subsidizing in the EU. The characteristics of the last decade are revealed: stable growth, which led to a doubling of government aid spending, then a huge surge at the end of the period under review due to the COVID-19 crisis. The types of assistance are described, as well as the conditions under which it can be provided from state budgets according to the Temporary Anti-Crisis Program of the EU, put into effect in March 2022 in connection with Russia’s Special Military Operation in Ukraine and allowing additional state subsidies. Significant differences between EU countries in the level of state support of the national economy are shown. It shows also the active use of state support as a tool for influencing the economy by large European countries: Germany, Great Britain, France, Italy, Spain, as well as a noticeable increase in the countries of Central and Eastern Europe. Against this background, the forecast of further deepening of cross-country imbalances in the EU is given. The modern role of the European Commission in the control of state support is revealed: once the guardian of fair competition, which does not recognize state interference in market relations, and now the conductor of state subsidies to the economy, distorting the normal course of competition.
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spelling doaj.art-e528bb2817994f27942897a36b0cdd282023-01-12T12:58:53ZrusInstitute of Europe Russian Academy of SciencesНаучно-аналитический вестник Института Европы РАН2618-79142022-12-01306526010.15211/vestnikieran620225260State Aid to the EU Economy before and after the PandemicKondratieva, N.B.0https://orcid.org/0000-0002-8801-3126The Institute of Europe of the Russian Academy of Sciences (IE RAS)The article gives an idea about the volume of companies subsidizing in the EU. The characteristics of the last decade are revealed: stable growth, which led to a doubling of government aid spending, then a huge surge at the end of the period under review due to the COVID-19 crisis. The types of assistance are described, as well as the conditions under which it can be provided from state budgets according to the Temporary Anti-Crisis Program of the EU, put into effect in March 2022 in connection with Russia’s Special Military Operation in Ukraine and allowing additional state subsidies. Significant differences between EU countries in the level of state support of the national economy are shown. It shows also the active use of state support as a tool for influencing the economy by large European countries: Germany, Great Britain, France, Italy, Spain, as well as a noticeable increase in the countries of Central and Eastern Europe. Against this background, the forecast of further deepening of cross-country imbalances in the EU is given. The modern role of the European Commission in the control of state support is revealed: once the guardian of fair competition, which does not recognize state interference in market relations, and now the conductor of state subsidies to the economy, distorting the normal course of competition.http://vestnikieran.instituteofeurope.ru/images/6-2022/Kondratieva62022.pdfstate aid to the economystate supporttemporary anti-crisis program of state aidspecial military operation of russia in ukrainecovid-19european commissioneuropean union
spellingShingle Kondratieva, N.B.
State Aid to the EU Economy before and after the Pandemic
Научно-аналитический вестник Института Европы РАН
state aid to the economy
state support
temporary anti-crisis program of state aid
special military operation of russia in ukraine
covid-19
european commission
european union
title State Aid to the EU Economy before and after the Pandemic
title_full State Aid to the EU Economy before and after the Pandemic
title_fullStr State Aid to the EU Economy before and after the Pandemic
title_full_unstemmed State Aid to the EU Economy before and after the Pandemic
title_short State Aid to the EU Economy before and after the Pandemic
title_sort state aid to the eu economy before and after the pandemic
topic state aid to the economy
state support
temporary anti-crisis program of state aid
special military operation of russia in ukraine
covid-19
european commission
european union
url http://vestnikieran.instituteofeurope.ru/images/6-2022/Kondratieva62022.pdf
work_keys_str_mv AT kondratievanb stateaidtotheeueconomybeforeandafterthepandemic