Antitrust extends investigation into Hungary aid to Samsung
To clarify the incentive effect. Support was worth 108 m
29 June, 15:00In October 2019, the Antitrust had decided to open an investigation into the measure to verify its regularity concerning EU rules on state aid for regional purposes and the adequacy and proportionality, and the risk of relocation of jobs from the other Member States in Hungary.
After the investigation began, Samsung and Budapest submitted some data to justify the need for the aid, focusing in particular on the fact that the South Korean group could have benefited from an investment grant and an exemption in an alternative location outside the EU and that Samsung's location search for the investment project also included several greenfield investment sites (new manufacturing facilities) across Europe. (ANSA).