European Commission Preparing Law Against “Unfair Competition” of Chinese Companies
On Wednesday, the European Commission presented the legislative project whose aim is to enable a ban on the acquisition of companies from the EU by state-subsidized companies from third counties. Furthermore, companies supported by state money should also be excluded from tenders for public contracts.
In Germany, Chinese takeovers of European companies are especially controversial.
For example, the several-billion-worth takeover of the German company Kuka, one of the world’s leading manufacturers of industrial robots, was widely criticized. The purchaser was the Chinese company Midea.
When it comes to public contracts, the fact that a Chinese consortium was awarded a contract for the construction of an important bridge in south Croatia (the Peljesac Bridge) also caused a lot of discussion. Numerous large European companies had missed the tender and then complained about unfair competition, Index writes.
The proposition of the EC envisages that, before a big takeover, foreign companies must first disclose whether they have received state subsidies exceeding EUR 50 million in the past years. It would then pertain to all takeovers of companies with an income of EUR 500 million or more.
Naš izbor
Top priče
18.04.2024. | Industrija, Finansije
Strickland Metals has entered the “profitable Serbian gold game”, having set aside 37 million dollars for the purchase of the Rogozna project, which boasts an enormous resource of 5.44 million ounces of gold equivalent (around 170 tons), Australian media report. The Australian giant Strickland Metals Limited is in the business of detecting world-class mineralized systems with a focus on gold and copper. As the media report, Strickland
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
18.04.2024. | Saobraćaj
Jovanovic: Purchase of Siemens trams produced in Kragujevac for GSP Beograd should be considered
18.04.2024. | Saobraćaj
18.04.2024. | Industrija, Saobraćaj
Air Serbia: Eighth ATR 72-600 arrives to Belgrade, expected to join operations soon
18.04.2024. | Industrija, Saobraćaj
eKapija+
18.04.2024. | News
CBRE confirmed its leadership position with Hat-Trick at the 19th SEE Real Estate Awards
18.04.2024. | News
18.04.2024. | News
Consensual termination of employment relationship – News in the court practice?
18.04.2024. | News
18.04.2024. | Građevina
New dimension of life in the part of Belgrade which is waking from sleep (PHOTO)
18.04.2024. | Građevina
17.04.2024. | Saobraćaj
Milsped Group to establish direct rail line between China and Serbia
17.04.2024. | Saobraćaj