Austrian, Spanish aid to energy-intensive companies wins EU state aid approval
( May 5, 2026, 13:04 GMT | Official Statement) -- MLex Summary: Austria and Spain have won approval from the European Commission to compensate energy-intensive businesses for higher electricity costs due to the impact carbon prices. The measures are designed to reduce the risk of the companies relocating to countries outside the EU with less ambitious climate policies. While Austria's program worth up to €900 million won EU state aid approval, Spain won approval for changes to its existing plan, which will extend eligibility to companies active in new sectors.Statement follows. ...
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