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Image header Agence Europe
Europe Daily Bulletin No. 10245
Contents Publication in full By article 22 / 29
GENERAL NEWS / (eu) eu/state aid

Commission orders Hungary to recover state aid

Brussels, 27/10/2010 (Agence Europe) - Following an investigation opened on 29 April 2009, the European Commission concluded on Wednesday 27 October 2010 that Hungarian fertiliser manufacturer Péti Nitrogénmûvek must pay back some of the state aid it was granted in 2009 to help it recover from the economic crisis.

The amount to be recovered is the Hungarian state guarantees covering around €52 million of investment and €35 million in aid granted in 2009 by the Hungarian Development...

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