Europe’s Competition Commissioner Joaquín Almunia today revealed plans to modernise the European Commission’s state aid policy. Faaez Samadi in Brussels
Hungary’s development ministry has today announced it accepts a European Commission state aid ruling declaring that millions of euros given between 2007 and 2010 to loss-making state airline Malév were illegal.
The European Commission has announced the extension of its crisis state aid rules in the banking sector, and has set new guidelines which will make it easier for governments to bail out troubled banks.
UK Financial Investments, the company which manages the UK government’s shareholdings in financial institutions affected by the 2008 financial crisis, announced today that it is selling its holding in Northern Rock to Virgin Money for £747 million.
Concentration among banks is not the main hindrance to effective competition in the UK banking sector, says a former Office of Fair Trading (OFT) official. Faaez Samadi in Brussels
Eurotunnel has complained to France’s Competition Authority that the joint acquisition of Channel ferries operator SeaFrance by LD Lines and DFDS Seaways is anti-competitive and entails state aid being given to the buyers.
The European Commission is investigating whether Portugal’s privatisation of state-owned bank Banco Português de Negócios (BPN) breaches EU state aid rules.
An anonymous complaint to the European Commission has scuppered a deal between football club West Ham United and a London borough to purchase the UK Olympic stadium after the 2012 games.
Europe’s General Court last week ruled that the European Commission must revisit complaints Ryanair lodged six years ago over alleged state aid given by the Italian government to its rivals.
The European Commission is taking an in-depth look at whether discounts and rebates granted by Romania’s Timisoara airport to low-cost airline Wizz Air constitute illegal state aid.
European Competition Commissioner Joaquín Almunia says national competition authorities should be instrumental in designing and implementing a new regulatory framework to govern the global financial services market. Rachel Bull in The Hague
Europe’s Competition Commissioner, Joaquín Almunia, has said a comprehensive restructuring plan for German bank WestLB must be submitted by next month or DG Comp will intervene.