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No ‘stop-the-clock’ option makes tender reviews for foreign subsidies difficult, EU official says

By Tono Gil and Oscar Pandiello ( October 1, 2024, 14:30 GMT | Insight) -- The European Commission’s powers to review whether bidders in EU tenders are benefitting from distortive foreign subsidies are hindered by its inability to “stop the clock” during probes, according to Karl Soukup, the regulator's head of the competition enforcement team looking at foreign subsidies. He said that the number of notifications that the watchdog has received exceeded its expectations and didn't rule out changes to the notification thresholds. The European Commission’s powers to review whether bidders in EU tenders are benefitting from distortive foreign subsidies are hindered by its inability to “stop the clock” during probes, according to an official from the EU's executive arm....

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