Brussels, 17/09/2003 (Agence Europe) - The European Commission has decided to open a formal inquiry into an aid regime instituted by an Italian law for companies making investments in areas hit by natural disasters during 2002. At this point, the Commission feels that the Italian legislation (which actually extends a 2001 law) is unduly favourable to certain companies, and includes elements of state aid.
The legislation related to the following natural disasters: the volcanic eruptions on...