The General Court of the European Union has rejected Austria’s action challenging the European Commission’s decision of March 2017 validating Hungarian State aid for the company Paks II for the construction for operation of two reactors at the Hungarian Paks nuclear power station site, in a judgment delivered on Wednesday 30 November (judgment T-101/18).
This aid is in large part financed by a loan in the form of a €10 billion revolving credit facility granted by Russia to Hungary...