EU approves state aid for Hungarian tyre plant

Newswire

BRUSSELS, June 23 (Reuters) - The Hungarian government has won permission from the European Commission to grant 93 million euros ($117 million) in state aid to a new tyre plant, the Commission announced on Friday. "I am happy to approve aid for this important investment by a Korean firm in Europe which will contribute to regional development and job creation in Hungary," Competition Commissioner Neelie Kroes said in a statement. Hankook Tire Hungary will spend 425 million euros on the ...

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