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Europe Daily Bulletin No. 9621

13 March 2008
Contents Publication in full By article 19 / 28
GENERAL NEWS / (eu) eu/state aid
Commission orders reimbursement of €450 million in loans from Rome to aeronautical research

Brussels, 12/03/2008 (Agence Europe) - On 11 March, the European Commission stated that loans granted to 17 Italian individual research and development (R&D) projects in the aeronautics industry by the Italian authorities are not in line with the applicable EU rules on state aid to research and development, and must be reimbursed. The loans, totalling over €450 million, were granted by the national government under Law 808/85 but must now be fully reimbursed by Rome within two months...

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