On 22 May 2015, the Commission opened an investigation under Article 108 TFEU into a Hungarian financial contribution for the development of nuclear reactors at the Paks nuclear power plant site, the beneficiary of which would be the company Paks II, wholly owned by the Hungarian State. On 6 March 2017 [1], the Commission adopted the state aid contested by the Austrian Republic. This aid takes the form of a 10 billion loan granted by the Russian Federation to Hungary through an intergovernmental agreement between the two countries. Under that intergovernmental agreement on cooperation in the peaceful use of nuclear energy, the Russian Federation calls on the capital company Nizhny Novgorod Engineering Company Atomenergoproekt (hereinafter 'JSC NIAEP') to build the new reactors and
Share on
|
|
The EU General Court confirms that assessments of State aid compatibility are carried out independently of other legal assessments (MVM Paks II Nuclear Power Plant Development)
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.
