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Hungarian support for new auto parts plant faces in-depth probe in EU

( October 27, 2022, 09:45 GMT | Official Statement) -- MLex Summary: Hungary's plans to give a direct grant, including a tax benefit, worth a total of 43.76 million euros to Rubin NewCo for the construction of a new automotive components plant in the disadvantaged northern region of Észak Magyarország will now undergo an in-depth investigation, the European Commission said today. The watchdog doubts whether the support is in line with the bloc's state aid rules, especially the guidelines on regional state aid.Statement follows. ...

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