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Image header Agence Europe
Europe Daily Bulletin No. 9425
Contents Publication in full By article 15 / 33
GENERAL NEWS / (eu) eu/state aid

Commission approves €111 million aid to Hyundai Motor Manufacturing Czech for construction of factory

Brussels, 11/05/2007 (Agence Europe) - On Friday 11 May, the European Commission authorised ad hoc aid of €111 million, that the Czech government plans to provide to Hyundai Motor Manufacturing Czech (a 100% owned subsidiary of Korean company Hyundai Motors) to set up a new passenger car production plant in the Moravia-Silesia region of the Czech Republic. The aid consists of a direct cash grant together with the transfer of land at a reduced price. The aid is combined with other regional...

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