CZECH GRANT TO OSTRAVA AIRPORT LEGAL UNDER EU STATE AID RULES
March 1st, 2014
A CZECH government grant of Czech Crowns CZK68 million (EUR2.5 million) to Ostrava regional airport in Silesia has been ruled legal under European Union (EU) state aid rules. The money will help fund the construction of ground lighting and illuminated signs at check points, helping the airline attract more regular air traffic, in particular long-haul cargo services. The European Commission found that the project was legal in that subsidies did not exceed the difference between anticipated additional income and overall investment costs. “For regional ...
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