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Europe Daily Bulletin No. 11131

30 July 2014
ECONOMY - FINANCE - BUSINESS / (ae) state aid

29/07/2014 (Agence Europe) - State aid approved for LOT airline in Poland. On Tuesday 28 July, the European Commission gave the go-ahead to restructuring aid of PLN 804 million (around €200 million), which Poland plans to grant to its national flag carrier LOT, is in line with EU state aid rules. The Commission found, in particular, that LOT's restructuring plan will allow the company to become viable in the long-term without unduly distorting competition in the single market. (EL)