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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
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