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Europe Daily Bulletin No. 8812

22 October 2004
Contents Publication in full By article 28 / 30
GENERAL NEWS / (eu) eu/state aid/hungary
Commission authorises aid to Postabank before membership, except one measure still to be examined

Brussels, 21/10/2004 (Agence Europe) - On Wednesday, the European Commission authorised a series of restructuring measures taken in the past by the Hungarian authorities in favour of Postabank és Takarékpénztar. These measures had been taken between 1995 and 2003 (i.e. before the country joined the EU) to help restructure Postabank and facilitate its privatisation, which finally took place in October 2003. Measures especially included capital injection of 152 billion forints (around EUR...

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS