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Europe Daily Bulletin No. 9988

1 October 2009
Contents Publication in full By article 13 / 44
GENERAL NEWS / (eu) eu/state aid
Green light to regional tax credit system to promote new investments in Sicily

Brussels, 30/09/2009 (Agence Europe) - On Wednesday 30 September, the European Commission authorised an Italian aid regime in the form of tax credits. This regime, which will have a total budget of 2.4 billion euros between 2009 and 2013, is designed to support initial investments in Sicily with a view to promoting regional development. The Sicily region is eligible for regional aid under article 87, § 3, point a), of the EC treaty, as an area with an abnormally low standard of living and...

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