EC Statemenet: State aid - Commission approves public service compensation for Hellenic Post (ELTA)
( January 25, 2012, 10:45 GMT | Official Statement) -- MLex Summary: The European Commission has approved 52 million euros in Greek public service compensation granted to Hellenic Post for the modernisation of its infrastructure and the quality improvement of its public services.Full statement follows.
State aid: Commission approves public service compensation for Hellenic Post (ELTA)
The European Commission has authorised, under EU state aid rules, a €52 million grant from the Greek state to Hellenic Post (ELTA) for modernising its infrastructure and improving the quality of public service. The Commission concluded that the measure is compatible with EU state aid rules, because it will not overcompensate ELTA for the provision of its public service obligations.
The modernisation actions financed with the measure aim in particular at i) enlarging the range of services offered to citizens within the whole territory with an emphasis on peripheral regions, ii) increasing the availability of existing services and supporting the provision of new services to a significantly larger number of users, iii) reducing the cost of public service....
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