The EU gives the green light to the extension until 31 December of the so-called southern decontributiona measure linked to the EU temporary framework on state aid, which provided for a 30% exemption from contributions for companies in the Noon.
The approval was announced by the minister for EU affairsThe Souththe Cohesion and the Pnrr, Raffaele Fittoat the end of a meeting with the vice president of the EU Commission, Margrethe Vestagerthis morning at Brussels. Now “the objective is to transform” the measure, “in agreement with the European Commission, into a longer-term and more investment-oriented instrument”, said Fitto.
The green light from the European Commission came at the end of a negotiation conducted in secret in recent months by the minister. The conversation between Thick And Vestager it focused on the topic of decontribution in the South, a measure linked to the temporary framework, the state aid instrument activated by the European Commission to deal with the pandemic and subsequently following the war in Ukraine and expiring on June 30th.
“It is due to this temporary nature that in recent years the southern contribution relief had been authorized by Brussels only for short periods and never exceeding twelve months”, is explained in a note.
«In light of the disappearance of the temporary framework», the measure dedicated to southern companies «will have to be modified and made more targeted by leveraging one or more different legal bases», he underlined Thick at the end of the interview, reporting that he «at the same time» thanked Vestager «for having accepted, in compliance with European legislation, the Italian Government’s request for a modification of the measure and for a final extension for a further six months of the period to which the ‘decontribution’ is applied in the awareness that at this stage it is a very important measure for the economy and employment of our South”.
“An important result, the result of a great commitment from the Government and which came at the end of a fruitful and in-depth dialogue with the European Commission”, added the minister.
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