login
login
Image header Agence Europe
Europe Daily Bulletin No. 9372
Contents Publication in full By article 21 / 35
GENERAL NEWS / (eu) eu/state aid

Commission declares operating aid to Nuova Mineraria Silius in Sardinia illegal and orders recovery

Brussels, 22/02/2007 (Agence Europe) - On Thursday, the European Commission concluded that a €98.36 million aid, which the region of Sardinia granted to support the mining company Nuova Mineraria Silius (NMS), is not compatible with EC Treaty state aid rules, and must be recovered. The Commission found that, every year since 1997, the region of Sardinia has transferred public funds in order to cover the recurrent losses of NMS, keeping a company in business that otherwise would have gone...

Contents

THE DAY IN POLITICS
GENERAL NEWS