| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/08/666 (30.04.08) |
| Publication Date | 30/04/2008 |
| Content Type | News |
|
The European Commission authorised, under EC Treaty state aid rules, €143 million of aid, which the Romanian authorities intend to grant to Ford for the production of vehicles and engines in Craiova, in the South West of Romania. The Commission found the measure to be compatible with the requirements of the Regional Aid Guidelines 2007-2013 (see IP/05/1653) and in particular with the rules on large investment projects. Ford's two projects involve investments of €600 million in total. They are expected to significantly increase direct and indirect employment while at the same time stimulating investment by suppliers and a transfer of leading-edge technology, thus benefiting the further development of the region. |
|
| Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/666&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Internal Markets |
| Countries / Regions | Romania |
