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European Committee: requested Italy the reimbursement of 450 million Euro for 17 R&D project
Brussels, Belgium - They are not in line with the applicable EU rules on State aids
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The European Commission has formally requested Italy, under EC Treaty state aid rules, to ensure that loans granted under Law 808/85 in favour of R&D activities in the aeronautical sector are fully reimbursed. The Commission's in-depth investigation, opened in 2003 following a complaint (see IP/03/1319), concluded that loans worth more than € 450 million granted to 17 individual research and development (...
AVIONEWS - World Aeronautical Press Agency - 1086894
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency