Calamos Supports Greece
GreekReporter.comEuropeThree State Aid Schemes Incompatible With the Eu Law

Three State Aid Schemes Incompatible With the Eu Law

Today the Commission has adopted a decision declaring incompatible with the internal market three State aid schemes concerning the rescheduling of debts in a series of Greek departments (Kastoria, Euboea, Florina, Kilkis, Rhodopos, Evros, Xanthi, Dodecanese and the islands of Lesbos, Samos and Chios).

Those schemes, mainly earmarked for companies in difficulty, cover agriculture as well as industrial activities. The three schemes have been declared incompatible with the internal market because companies in difficulty have received aid without having submitted any restructuring plan. The precise amount of aid granted is still to be determined, as Greece did not yet collect all needed figures. Greece will have to recover all incompatible aids with interests. Aids complying with the provisions of any applicable “de minimis” Regulation are not considered as State aids and won’t be recovered.

See all the latest news from Greece and the world at Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!

Related Posts