state aid - Latest news GMK Center

Bulgaria, Germany, and Slovenia will receive support to lower electricity prices on the condition that they decarbonize

Changes allow member states to compensate industry for part of higher electricity bills

The government allocates 400 billion won to exporters and encourages the transition to green steel

Funding will support the modernization of Acciai Speciali Terni, new capacity, and the path to carbon neutrality

The support is for 20 years and covers the first stage of construction of the company's steel plant in the region

Companies that qualify for the aid will receive a reduced rate of CO2 tax

The assistance will take the form of a direct grant from the government, which will cover the expected funding shortfall of the project

Berlin may soon receive approval from the European Commission to provide aid to the company

Jingye Group is aiming for a deal similar to the one with Tata Steel

The funding is earmarked for a steel plant in Port Talbot

The program is designed for 2023-2024

This is a €450 million grant for the decarbonization of the Gijon plant