A PYMNTS Company

Hungary: EU approves millions in funding to close anticompetitive mine

By  |  January 24, 2013

The European Commission has approved for more than $187 million in funding to shut down what it calls an anticompetitive mine in Hungary. The mine, called the Markushegy Mine, is scheduled to close by 2014. In a statement, Commission VP Joaquin Almunia said that the funding will help those affected by “such painful restructure” and will also mitigate the environmental impact of the mine on its surroundings.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    Full Content: New Europe

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.