“We need to assess thoroughly whether the aid would unduly reinforce the competitive position of IBIDEN,” said Neelie Kroes, the EU’s antitrust commissioner. The state money is destined to support a IBIDEN Hungary Gyártó Kft plant making products used in car exhausts in the Dunavarsány Industrial Park in central Hungary. In a statement, the European Commission said it “has doubts as to the compatibility of the proposed aid with EU state aid rules.” (businessweek.com)
Producing journalism that is worthy of the name is a costly business. For over 30 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.
