EC endorses investment aid for Hankook Tire
The European Commission has reported its authorization of €57.9 million in regional investment aid to Hankook Tire Hungary for the construction of a plant in Rácalmas, finding that the measure favors regional development while limiting the distortions of competition brought about by the state aid.
Thus is the funding in line with the Commission’s guidelines on regional aid, in particular with the rules on large investment projects.
“Hankook Hungary’s investment project is expected to create 950 new jobs in Rácalmas. It will provide a welcome boost to the development of the region without unduly distorting competition in the Single Market,” said Joaquin Almunia EC Vice President in charge of competition policy.
Hungary Gasoline Prices 3% Over Regional Avg
Gov't Wants Sustainable Business Model for Magyar Posta
120,000 Guest Workers Employed in Hungary
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
