European Court Rejects Hungarian Power Companies’ Appeals
- 30 Apr 2014 3:58 AM
The European Court of Justice on Wednesday rejected appeals by Hungarian power generators Tisza Erőmű and Dunamenti Erőmű against a European Commission directive scrapping long-term purchase agreements.
The Commission had earlier directed Hungary to cancel long-term electricity purchase agreements from power generators and instructed the state to recover revenue which the companies could not have obtained without the agreements. Brussels deemed the long-term agreements illegal state aid.
Source www.hungarymatters.hu
Follow that link to sign-up for MTI’s twice-daily newsletter.
LATEST NEWS IN current affairs