Tag: state aid

State aid for investments in high efficiency cogeneration – Romania, 17 April 2017

Last week, Romanian Government has adopted a decision on establishing a new support scheme for the investments in high efficiency cogeneration. The total budget allocated to the support scheme amounts to 81.1 million euros, out of which 85 % are non-refundable European funds provided from the European Regional Development Fund and 15 % represent public […]

EC approval increased the cost of NPP Paks expansion – Hungary, 8 March 2017

Hungarian Minister of Economy Mihaly Varga said that over 32 million euros has been allocated to this year’s budget for the preparations for the expansion of Hungary’s sole nuclear power plant Paks, but, according to him, the recent approval of the project by the European Commission (EC) could lead to increase in costs. Minister Varga […]

EC approves state aid for NPP Paks expansion project – Hungary, 6 March 2017

The European Commission (EC) has granted its approval to the Hungarian state providing a subsidy for the project of the expansion of the country’s sole nuclear power plant Paks. According to the statement, the EC concluded that Hungary’s financial support for the construction of two new reactors at NPP Paks involves state aid, but it […]