POLISH STEEL MAKER MAY FACE BRUSSELS SUBSIDY BLOCK
July 1st, 2006
BY KEITH NUTHALL
THE FUTURE of Polish zinc-lead smelter Huta Cynku Miasteczko ?l?skie (HCM) has been thrown into doubt, with the European Commission launching a "detailed investigation" into whether Euro 5.5 million planned Polish government subsidies are illegal.
In reality, Brussels has already largely concluded that they break European Union (EU) state aid rules preventing governments giving their companies unfair advantages in the EU marketplace. So there is a good chance the Commission could block the payments - and if any money has been handed ...
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