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Image header Agence Europe
Europe Daily Bulletin No. 12137
Contents Publication in full By article 32 / 40
COURT OF JUSTICE OF THE EU / Competition

Athens fined €10 million and a biannual penalty payment for failure to recover illegal state aid

The European Court of Justice (ECJ) judges imposed a fine of €10 million and a biannual penalty payment of almost €7.3 million on Greece on Wednesday 14 November (Case C-93/17) for failure to recover illegal state aid granted to Ellinika Nafpigeia AE (ENAE). 

ENAE is involved in the construction of military vessels. It was acquired by a bank controlled by the Greek State in 1985, privatised in 2001 before being taken over by ThyssenKrupp AG in 2005 and Abu Dhabi Mar LLC in 2009. 

The...

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