BRUSSELS PROBES BELGIAN VOLVO TRAINING AID OVER SUBSIDY LAW BREAKING CONCERNS
August 1st, 2007
BY ALAN OSBORN, in London
THE EUROPEAN Commission in Brussels has launched a detailed inquiry into the payment of a grant of around US$7.5 million by the Flemish regional government in Belgium to support training at the auto company Volvo Cars Gent. Brussels believes this aid is not meant principally for training but to subsidize the company's manufacturing operations and is therefore illegal under EU competition rules. The EU competition commissioner Neelie Kroes (who incidentally was on the board of Volvo before taking her present job at the Commission) said ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.