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German R&D support program extension wins EU clearance

( June 18, 2021, 11:12 GMT | Official Statement) -- MLex Summary: The European Commission today said it has cleared an extension — until the end of 2025 — of German support to research and development, granted in the framework of a program managed by Kreditanstalt für Wiederaufbau. The program, in place since 2011, provides senior and subordinated loans under favorable conditions for the long-term financing of R&D projects. The authority said it also cleared an additional budget of around 1.4 billion euros for the plans, as well as approving other changes.Statement follows. ...

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