EC Approves Audi Subsidy In Hungary
- 2 Feb 2016 8:00 AM
A €133.3 million state subsidy given by Hungary to the expansion of the Audi car factory in Gyõr was in line with EU regulations, the European Commission said on Monday after completing a detailed examination. The €1.2 billion project creating 2,100 jobs made a significant contribution to the development of a disadvantaged region, the Commission said.
This positive effect more than offsets the negative effect of potentially distorting competition, the study concluded.
The Commission started its investigation in July 2014.
Source: Hungary Around the Clock
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