GERMAN STATE AID
February 1st, 2004
BY ALAN OSBORNTHE EUROPEAN Commission has begun a formal investigation into regional development assistance for the German wine marketing company Gesellschaft für Weinabsatz Pfalz (GfW) suspecting that the aid may breach EU rules for state aid.Brussels said the Reconstruction Fund for the Rhineland-Palatinate winegrowing area (WAK) had decided to waive part of its outstanding claims on GfW exceeding Euro 5 million for 2001, did not claim interest on debts and had agreed to subordinate certain claims in favour of other creditors. WAK had made a loan of Euro 15 ...
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.