Press Release: State aid: Commission confirms that debt write-off for Slovak alcohol producer Frucona Košice is incompatible with EU rules

Following a judgment by the EU Court of Justice (ECJ) on its previous decision, the European Commission on 16 October 2013 adopted a new decision confirming that a Slovak SKK 416.5 million (€11 million) write-off of tax debt in favour of Frucona Košice, a.s. was incompatible with EU state aid rules. In order to redress the distortion of competition caused by the debt write-off, the company has to pay the due amounts with interest.