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Image header Agence Europe
Europe Daily Bulletin No. 11037
Contents Publication in full By article 29 / 40
ECONOMY - FINANCE - BUSINESS / (ae) state aid

Commission allows state aid for Hungary's Hankook

Brussels, 12/03/2014 (Agence Europe) - The European Commission says that regional investment aid of €57.9 million for Hungarian company Hankook Tire Hungary Manufacturing and Trading Ltd for building a tyre factory in Racalmas (Hungary) complies with state aid rules. The aid was notified in December 2013 and will provide €24.1 million in direct aid and €33.82 million in tax incentives for investment totalling €305.5 million. EU Competition Commissioner Joaquin Almunia said:...

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