INVESTMENT AID

Keith Nuthall
THE EUROPEAN Commission has announced reforms to its state aid rules for large-scale projects, which particularly affect the European Union's synthetic fibre sector. From January 1, 2003, the industry will be subject to transitional rules maintaining the strict approach of the current sector specific rules; in particular, projects will not be eligible for investment aid. However, the following year the industry will cease to have their own rules, and its allocation of national state subsidies will be governed by a new reformed set of general ...


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