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Europe Daily Bulletin No. 11480

2 February 2016
Contents Publication in full By article 14 / 26
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Green light to Hungarian aid to Audi

Brussels, 01/02/2016 (Agence Europe) - On Monday 1 February 2016, the European Commission authorised Hungarian State aid of €133 million to the company Audi Hungaria Motor Ltd for an investment project in Györ.

Audi Hungaria Motor has invested a total of €1.2 billion in a production factory for private cars on its existing site. This is expected to create 2,100 jobs in Györ, West Transdanubia, a disadvantaged region of Hungary with a GDP per capita far below the EU average. The area...

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