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References in periodicals archive ?
On 17 July, the European Commission referred Greece to the EU Court of Justice for failing to comply with two distinct Commission decisions that ordered the country to recover incompatible state aid from three casinos and from Aluminium of Greece SA.
The European Commission has referred Greece to the European Court of Justice (ECJ) for failing to comply with two distinct Commission decisions that ordered Greece to recover incompatible state aid from three Greek casinos (see IP/11/635) and from Aluminium of Greece SA (see IP/11/864) In both cases, over two years after the Commission decisions, the full aid amounts have still not been paid back."Member States have numerous possibilities to support business in line with EU state aid rules.
* The European Commission is probing allegations that Greece's state-owned Public Gas Corporation paid for building a gas pipeline actually belonging to Aluminium of Greece, potentially in breach of EU state aid rules.
The third component is designed to compensate for costs liked to a long-term contract linking PPC to an aluminium plant belonging to Aluminium of Greece. This contract, signed in 1960 and expiring in 2006, requires PPC to sell a large quantity of electricity at prices which may be below the market price for large consumers, thus giving rise to losses for PPC.
The European Commission has concluded that lower electricity tariffs granted in 2007-2008 by the Greek state-owned Public Power Corporation (PPC) to Aluminium of Greece conferred an undue advantage to the company, in breach of EU state aid rules.
ALUMINIUM of Greece could face paying an expensive Euro 17.4 million electricity bill, after the European Commission decided to open an in-depth investigation into whether low tariffs granted by the Greek state-owned Public Power Corporation were an illegal subsidy.
Outgoing EU competition Commissioner Neelie Kroes said: "We have to make sure that Aluminium of Greece did not receive an unfair economic advantage over its competitors but paid, as everybody else, the market price for the electricity and gas it bought." Regarding the gas pipeline, a Brussels report said it was not sure how much the aluminium company benefited, because "despite ...
Aluminium of Greece could face a ?17.4 million ($24 million) bill after the European Commission launched an investigation into whether a low electricity tariff granted by Greek state-owned Public Power Corp was an illegal subsidy.