Press Release: State aid: Italy, Luxembourg, Latvia and Slovak Republic implement Financial Transparency Directive in full; Commission closes infringement procedures

The European Commission decided to close infringement procedures launched in November 2007 against Italy, Luxembourg, Latvia and the Slovak Republic for their failure to implement the Commission Directive on the transparency of financial relations between Member States and public undertakings. The Commission's decision followed the adoption by the four Member States of legislation implementing in full the latest amendment to the Financial Transparency Directive (Commission Directive 2005/81/EC).