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Europe Daily Bulletin No. 12348

15 October 2019
Contents Publication in full By article 24 / 34
ECONOMY - FINANCE - BUSINESS / State aid
Investigation into a €108 million aid project for a Samsung facility in Hungary
Luxembourg, 14/10/2019 (Agence Europe)

The European Commission decided on Monday 14 October to open an in-depth investigation to determine whether Hungary's plan to grant €108 million in public aid to Samsung SDI to invest in the development of its battery cell production facility in Göd, Hungary, is in line with EU regional state aid rules.

Competition Commissioner Margrethe Vestager said the Commission will examine whether the support provided by Hungary is really necessary to enable Samsung SDI to invest in Göd and...

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