E.C.: Slovak Government Gave €11M In Illegal Aid
Eastern Slovakia-based Frucona Kosice received the write-off in July 2004. The company, which produces and distributes alcoholic beverages, had accumulated €16.9 million in tax debt, 65% of which was forgiven by Slovakia’s tax office.
“We are applying the rules on state aid for restructuring of ailing companies strictly, in line with the State Aid Action Plan.,” said E.U. Competition Commissioner Neelie...
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