The European Commission opened an in-depth investigation on Tuesday 29 October to determine whether various financing measures (€21 million) taken by Hungarian public entities in favour of Malév Ground Handling (‘Malév GH’) constitute State Aid and whether they comply with EU rules on aid to companies in difficulty.
According to the Commission, five measures taken in favour of Malév GH (loans, capital increases, debt to equity swaps) may constitute State Aid under EU rules. It fears...