You are here: Home Breaking news EU sues Slovakia over illegal state aid
Document Actions

EU sues Slovakia over illegal state aid

17 June 2008, 17:26 CET

(BRUSSELS) - The European Commission said on Tuesday it had filed a lawsuit against Slovakia before an EU court for failing to recover what it deemed to be illegal state aid.

In June 2006, the commission ruled that a decision by Slovak tax authorities to forgive 416.5 million koruna (13 million euros, 21 million dollars) in arrears from spirits producer Frucona amounted to illegal state aid.

Although action was taken to enact the decision, the case has been bogged down in local courts and the money has not been recovered from Frucona as the commission ordered.

"The commission will continue to be strict with member states that fail to implement its state aid decisions," Competition Commissioner Neelie Kroes said in a statement. "This is crucial to avoid unfair distortions of competition."

Related content

Text and Picture Copyright 2008 AFP. All other Copyright 2008 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable.




Cache EUB's Breaking News Portlet as HTML
ECTACO translators
ECTACO iTRAVL NTL & Alpine series translators
Sponsor this channel
Cache EUB's Upcoming Events Portlet as HTML
Text links
Text links
Your link here