login
login

Europe Daily Bulletin No. 10552

14 February 2012
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Hungarian electricity supply contracts judged illegal

Brussels, 13/02/2012 (Agence Europe) - Electricity purchase agreements concluded in the second half of the 1990s between the state-owned public company Magyar Villamos Muvek Zrt (MVM) and privately owned supplier Budapesti Eromu Zrt contain illegal state aid. Although signed before Hungary's accession to the European Union on 1 May 2004, the agreement has to be assessed, from the time of accession, against European Union's rules on state aid. That was the ruling delivered by the General...

Contents

A LOOK BEHIND THE NEWS
ECONOMY - FINANCE - BUSINESS
SECTORAL POLICY
SOCIAL AFFAIRS - EDUCATION
EXTERNAL ACTION
BUSINESS NEWS
WEEKLY SUPPLEMENT