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EU foreign-subsidy rules being enforced 'vigorously,' but burden is manageable, Vestager says

By Lewis Crofts ( April 26, 2024, 09:41 GMT | Insight) -- EU raids this week on a China-backed maker of security scanners and an uptick in investigations show European Commission is fully committed to enforcing the entire range of powers under the EU's new rules against distortive foreign subsidies, Margrethe Vestager said. The EU competition commissioner said her staff were receiving more notifications than initially expected, but the burden on business was manageable.EU raids this week on a China-backed maker of security scanners and an uptick in investigations show European Commission is fully committed to enforcing the entire range of powers under the EU's new rules against distortive foreign subsidies, Margrethe Vestager said....

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