login
login

Europe Daily Bulletin No. 10527

10 January 2012
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Hungary to recover aid from Malév

Brussels, 09/01/2012 (Agence Europe) - The European Commission decided on Monday 9 January that financing granted to Hungarian national airline Malév between 2007 and 2010 in the context of its privatisation and renationalisation constitutes illegal state aid, as Malév would not have been able to obtain similar financing from the market on the terms granted by the Hungarian authorities. Hungary must now recover the unlawful aid from the beneficiary.

Companies in difficulty may receive...