EUROPEAN COMMISSION WILL MONITOR POLISH AND CZECH STEEL PROGRESS
December 1st, 2006
BY KEITH NUTHALL
THE STEEL sectors of Poland and the Czech Republic will be under a microscope wielded by the European Commission in 2007, when Brussels decides whether state aid pumped into these industries was well spent or should be paid back.
Under an agreement ahead of these two countries' 2004 accession to the European Union, state aid designed to restructure the Czech and Polish steel sectors was to stop, having been limited from 1997 to 2003. In the event Poland granted Euro 590 million equivalent and the Czech Republic Euro 256.6 million, subsidies ...
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