| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/11/809 (29.6.11) |
| Publication Date | 29/06/2011 |
| Content Type | News |
|
The European Commission has found aid granted by Germany to Gesellschaft für Weinabsatz (GfW) incompatible with the EU State aid rules. The Commission has decided that a loan amounting to around €15 million granted by the Wiederaufbaukasse der rheinland-pfälzischen Weinbaugebiete (WAK) in 1999 constitutes illegal State aid as it was granted in contradictions with the Commission notice on the method for setting the reference and discount rates. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/809&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Internal Markets |
| Countries / Regions | Europe, Germany |
