Brussels, 25/07/2003 (Agence Europe) - Following a 14 May 2002 ruling by the Court of First Instance, on Wednesday the European Commission changed its partial rejection in February 1999 of EUR 4.77 million in aid granted to Graphischer Maschinenbau GmbH in 1988.
The beneficiary of the aid, Graphischer Maschinenbau GmbH (GMB), is part of a group (KBA) which manufactures printing machines. Due to declining demand KBA decided to shut down GMB's factory in Berlin in June 1997. Faced with the...