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Image header Agence Europe
Europe Daily Bulletin No. 9209
Contents Publication in full By article 34 / 40
GENERAL NEWS / (eu) eu/state aid

Commission declares aid to Slovak alcohol producer illegal

Brussels, 12/06/2006 (Agence Europe) - On Thursday the European Commission decided that a write-off of tax debt of SKK 416. 5 million (€11 million) to Slovak spirits producer, Frucona Košice, constituted illegal state aid. In a press release Neelie Kroes commented: “We have taken into account the size of the company and the fact that it is in an underdeveloped region. Nevertheless, the measure was pure operating aid, without any genuine restructuring to restore Frucona's sustainable...

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