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Europe Daily Bulletin No. 9645

18 April 2008
Contents Publication in full By article 22 / 34
GENERAL NEWS / (eu) state aid
Commission prohibits Hungarian export-credit guarantee scheme

Brussels, 17/04/2008 (Agence Europe) - Following an in-depth investigation, opened in July 2007, the European Commission has decided that a planned scheme for providing short-term export credit guarantees to Hungarian exporting SMEs and their foreign clients is incompatible with EC Treaty state aid rules. Competition Commissioner Neelie Kroes commented: "The proposed Hungarian export guarantees would distort cross-border competition within the EU. This would be unacceptable within the EU's...

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