Press Release: State aid: Commission opens in-depth inquiry into rescue measures for Hungarian fertiliser producer Péti Nitrogénművek

The European Commission opened an in-depth investigation to establish whether measures in favour of Hungarian fertiliser producer Péti Nitrogénművek infringe EC Treaty state aid rules. The measures include loans granted by the Hungarian Development Bank amounting to approximately €85 million, covered by state guarantees. Hungary did not notify these measures and the Commission was concerned as regards their compatibility with EU state aid rules. The in-depth investigation will allow interested parties to comment on the measure under scrutiny. It does not prejudge the Commission’s final decision.

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