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Europe Daily Bulletin No. 7647

3 February 2000
Contents Publication in full By article 19 / 55
GENERAL NEWS / (eu) eu/competition
Commission approves financial compensation for construction of Leuna refinery, on condition funds remain blocked pending conclusions of other Elf/Leuna affairs

Brussels, 02/02/2000 (Agence Europe) - On Wednesday, the European Commission approved, as predicted, DM 120 million in aid granted in 1998 by the German Land of Saxony Anhalt to the French oil company Elf Aquitaine as compensation for having had to take on the construction of the Leuna factory bought in 1992 without help. Clearance is conditional upon the commitment taken by the German authorities to place these funds in a blocked bank account pending the conclusion of the first Leuna...

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THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION