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Image header Agence Europe
Europe Daily Bulletin No. 10610
ECONOMY - FINANCE - BUSINESS / (ae) state aid

Spain must recover aid from Ciudad de la Luz studios

Brussels, 08/05/2012 (Agence Europe) - The European Commission has demanded that €265 million of public funding, granted by the Valencia Regional Government to the Ciudad de la Luz film studio, be paid back by the beneficiary. In 2008, following various complaints, the Commission started an in-depth investigation into the financing made by the Valencia Regional Government in 2000, which included the construction, management and operation of audiovisual and cinematographic facilities. The...

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