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Europe Daily Bulletin No. 10419

15 July 2011
Contents Publication in full By article 33 / 38
GENERAL NEWS / (ae) eu/state aid
Greece and Bulgaria to recover aid

Brussels, 14/07/2011 (Agence Europe) - On Wednesday 13 July, the European Commission reached the conclusion that lower electricity tariffs granted in 2007-2008 by the Greek state-owned Public Power Corporation (PPC) to Aluminium of Greece conferred an undue advantage on the company, in breach of EU state aid rules. Athens is therefore ordered to recover aid worth €17.4 million, plus interest, from the beneficiary. The Commission also concluded that the partial financing by PPC of the...

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