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Europe Daily Bulletin No. 9645

18 April 2008
Contents Publication in full By article 20 / 34
GENERAL NEWS / (eu) eu/state aid
Commission opens investigation into tax benefits for steel producer Dunaferr

Brussels, 17/04/2008 (Agence Europe) - On Thursday 17 April, the European Commission launched an in-depth investigation into investment aid granted by Hungary to Dunaferr, the largest Hungarian steel producer, which is part of the Donbass/Duferco group. As European Competition Commissioner Neelie Kroes pointed out, “given the steel sector's structural, worldwide over-capacity, EU state aid rules forbid subsidies to the steel industry”. In January 2007, the Hungarian authorities, as they...

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