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Image header Agence Europe
Europe Daily Bulletin No. 11134
ECONOMY - FINANCE - BUSINESS / (ae) state aid

Investigation into subsidies to Greek post office for 2016-2020

Brussels, 01/08/2014 (Agence Europe) - On Friday 1 August, the European Commission gave the go-ahead to direct subsidies totalling €52 million granted by Greece to its public postal operator, ELTA, for providing a universal postal service for the transition period from 2013 to 2015, because these subsidies only compensate ELTA for the extra costs of carrying out public service obligations.

The Commission has, however, opened an in-depth investigation into the 2016-2020 period, fearing...