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Image header Agence Europe
Europe Daily Bulletin No. 9457
Contents Publication in full By article 43 / 44
GENERAL NEWS / (eu) eu/portugal/state aid

28/06/2007 (Agence Europe) - On Wednesday the European Commission authorised €59.32 million of aid, which the Portuguese Government intends to grant to Celbi, a subsidiary of the Altri group, for the extension of its existing pulp production plant in Figueira da Foz, and €46.5 million of aid to Soporcel, a subsidiary of the Portucel Soporcel group, for the extension and modernisation of a pulp and paper production plant, also in Figueira da Foz. The Commission's investigation concerning both investment projects found the measures to be compatible with the Single Market, as they met the requirements of the applicable (1998) Regional Aid Guidelines and the rules for regional aid for large investment project (EUROPE 8150). (cd)

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THE DAY IN POLITICS
GENERAL NEWS