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Greece ordered by Commission to recover state aid

  • Mayer Brown LLP
  • -
  • European Union, Greece
  • -
  • January 31 2012

On 26 January 2012, the Commission decided that Greek loans granted to agricultural cooperatives in the cereal sector amounted to illegal state aid and ordered Greece to recover loan amounts

Commission approves state aid for National Bank of Greece

  • Mayer Brown LLP
  • -
  • European Union, Greece
  • -
  • December 23 2011

On 22 December 2011, the Commission announced that it has approved the second recapitalisation of the National Bank of Greece

Greece needs to recover around 17 million from Aluminium of Greece

  • Mayer Brown LLP
  • -
  • European Union, Greece
  • -
  • July 18 2011

On 13 July 2011 the Commission concluded that lower electricity tariffs granted in 2007- 2008 by the Greek state-owned Public Power Corporation to Aluminium of Greece conferred an undue advantage to the company, in breach of EU state aid rules

Commission opens in-depth inquiry into restructuring aid to Greek railway company

  • Mayer Brown LLP
  • -
  • European Union, Greece
  • -
  • July 18 2011

On 13 July 2011 the Commission opened an in-depth investigation to verify whether six restructuring measures in favour of the Greek state-owned railway company TRAINOSE are in line with EU state aid rules

Commission approves restructuring plan of Agricultural Bank of Greece

  • Mayer Brown LLP
  • -
  • European Union, Greece
  • -
  • May 24 2011

On 23 May the Commission approved under EU State aid rules the restructuring plan of Agricultural Bank of Greece, judging it apt to restore the bank's long-term viability whilst ensuring it shares the burden of its restructuring and limits the distortions of competition