Press Release: State aid: Commission orders Greece to recover €1.4 million of unlawful aid from vehicle producer ELVO

The European Commission found under EC Treaty state aid rules that certain tax waivers granted by Greece to the vehicle producer ELVO S.A. constitute unlawful state aid. The measures relieved ELVO from taxes that its competitors had to pay, thus giving ELVO an unfair competitive advantage without furthering any public interest goal. The Commission has ordered Greece to recover aid amounting to about €1.4 million, plus interest, from ELVO.

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