Are you sure?

European Commission to extend deadline for ending state aid to coal mines

The European Commission has agreed to extend the deadline for ending state aid to unprofitable coal mines until 2018, MTI learnt.

EU Commissioner for Competition Policy Joaquin Almunia indirectly confirmed the extension of the deadline answering a question at a press conference in Brussels. He said the Commission insists the state aid be phased out incrementally by 2018.

At present, the deadline for ending the state aid is 2014, but most member states, including Hungary, want the deadline pushed back.

A decision on the extension was reached at ambassadorial level on Wednesday, but the final decision by anti-trust ministers is expected to be announced on Friday, MTI learnt.

The outlook for Hungary's troubled coal-fueled Vértesi Power Plant has improved “in the short term”, daily Népszabadság reported, citing government officials. (MTI – Econews)