Brussels – Almost half a billion euros, the Nürburgring on State aid conceded – wrongly. The EU Commission said the grants in Brussels on Wednesday to be incompatible with the rules of the community and demanded repayment. The top competition watchdog had taken aid totaling 456 million euros, as well as other measures to avoid bankruptcy under the microscope.
According to the EU Commission, the public support measures for the race track, amusement park and the hotels at the Nürburgring were inadmissible because they provided the former owners or operators an unfair competitive advantage. “In the case of the Nürburgring support measures violated clearly against the state aid rules,” EU Competition Commissioner Joaquin Almunia said.
aid to the Palatinate Zweibrücken Airport Almunia classified as an illegal. Since 2000, payments in the amount of 47 million euros had flowed.
The money came primarily from the State of Rhineland-Palatinate. The company should pay it back now. However, both the Nürburgring and the other benefiting companies are just as insolvent as the airport in Two Bridges, whose insolvency proceedings were opened precisely on Wednesday. The airport had made the appropriate request in July.
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