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Europe Daily Bulletin No. 9565

15 December 2007
Contents Publication in full By article 23 / 37
GENERAL NEWS / (eu) eu/state aid
Commission prohibits tax exemption to Slovak subsidiary of Glunz&Jensen

Brussels, 14/12/2007 (Agence Europe) - On 12 December, the European Commission decided that Slovak regional investment aid worth SKK 42 million (some €1.15 million) in the form of tax exemption for Glunz&Jensen was incompatible with the EU state aid rules and could not be granted. After a formal investigation, the Commission found that the proposed aid did not contribute to regional development and would have created significant distortions of competition in a specific market in which...

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