Published: February 28 2023
Summary:
The European Commission has approved €89.6 million in state aid to Samsung SDI in Hungary. The aid was granted to support the expansion of the Samsung plant in Göd and the Commission conducted an in-depth investigation to assess whether the measure was compatible with the Regional Aid Guidelines 2014-2021. The investigation looked at whether the aid had an incentive effect and whether it was appropriate and proportionate.
Key Points:
- European Commission approved €89.6 million in state aid to Samsung SDI in Hungary
- Aid was granted to support expansion of the Samsung plant in Göd
- Commission conducted an in-depth investigation to assess compatibility with Regional Aid Guidelines 2014-2021
- Investigation looked at whether the aid had an incentive effect and whether it was appropriate and proportionate
Source article:
This summary was created using AI, so there may be some inaccuracies. Always check the original linked article to be sure.
