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Europe Daily Bulletin No. 8426

22 March 2003
Contents Publication in full By article 30 / 37
GENERAL NEWS / (eu) eu/state aid
Commission green light to temporary aid regime for German shipbuilding industry

Brussels, 21/03/2003 (Agence Europe) - In accordance with the regulation establishing a temporary defence mechanism (TDM) to shipbuilding, adopted last year by the EU's Council of Ministers to offset unfair practices by South Korean naval yards, the European Commission has authorised Germany to bring in an aid scheme to support the sector. The scheme allows subsidies of up to 6% of a ship's contract price to be awarded. This aid may be granted for the construction of container ships, and...

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