BAVARIA MACHINERY RING
February 1st, 2003
BY KEITH NUTHALL
A MACHINERY pool for Bavarian forestry and agricultural producers may have to pay back all or part of the Euro 4 million a year it receives in grants from Bavaria's state government. The European Commission has launched a formal investigation into the subsidies to mechanical equipment ring KBM, which could result in it declaring the grants illegal state aid and ordering partial or full repayment.
A MACHINERY pool for Bavarian forestry and agricultural producers may have to pay back all or part of the Euro 4 million a year it receives in grants from Bavaria's state government. The European Commission has launched a formal investigation into the subsidies to mechanical equipment ring KBM, which could result in it declaring the grants illegal state aid and ordering partial or full repayment.
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