Companies & Finance

EC OKs investment in construction of Hungarian nuclear reactors

The European Commission has approved financial support for the construction of two new reactors at Hungary’s Paks nuclear power plant.
By Staff reporter 6 March 2017 0 24497

The European Commission has approved financial support for the construction of two new reactors at Hungary’s Paks nuclear power plant, it said on Monday.

"The commission has concluded that Hungary’s financial support for the construction of two new nuclear reactors in Paks involves state aid.

It has approved this support under EU state aid rules on the basis of commitments made by Hungary to limit distortions of competition," the commission said in a statement.

The commission said its state aid investigation found the Hungarian state will accept a...