Brussels, 27/12/2001 (Agence Europe) - The European Commission has initiated detailed investigation proceedings concerning EUR 122 million aid Italy has earmarked for the Iveco plant in Foggia.
The planned regional aid was notified by Italy in 2001 to support investment Iveco is planing to make in its engine plant in Foggia (Puglia). The region is covered by the derogation for regional aid under Article 87(3) of the Treaty, whereby investment aid of up to 35% can be granted, under certain...