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state aid

EU Takes Greece to Court Over Illegal State Aid to Mining Company Larco

The European Commission announced on Wednesday that it will bring Greece to the European Court of Justice (ECJ) for failing to recover state aid once given to Greek mining company Larco. Athens failed to comply with a 2017 ruling by...

EU Commission Orders Greece to Recover €55 Million in Defence Aid

The European Commission ordered Greece on Monday to recover up to 55 million euros in state aid from Hellenic Defence Systems (HDS), a largely state-owned company that manufactures defence-related products. Greece granted a number of support measures between 2004 and...

EU Ok’s Recapitalization of Cyprus Popular Bank

The European Commission has temporarily approved a 1.8 billion euros ($2.33 billion) recapitalization of the troubled Cyprus Popular Bank and has given Cyprus six months to present a plan of reconstructing the institution before the EU decides on whether...

European Commission Approves State Aid for Nea Proton Bank

The European Commission approved state aid for Nea Proton Bank of 1,7 billion Euros in the context of the Nea Proton Bank resolution. The EC temporarily approved the aid until the investigation it has committed it has started ends...

Health Ministry Collects Data on Homeless to Propose New Law

The Health Ministry is collecting data to proceed with a plan for legislation to secure state aid for homeless people in Greece. Presenting his proposed document to the Parliament on Thursday, Deputy Minister of Health Mr. Markos Bolaris suggested passing...