The next part European Court of Justice rules MOL did not receive state aid

Brussels, June 4 (MTI) – The European Union’s Court of Justice ruled on Thursday that an agreement in 2005 between the Hungarian government and Hungarian oil and gas company MOL relating to mining fees does not constitute state aid.

The court said the combination of that agreement and the increase in the rate of mining fees did not favor MOL over its competitors.

The European Commission had claimed the 2005 agreement, which fixed the rate of the mining fee for MOL, together with the increase of the mining fee constituted state aid incompatible with the common market. The commission therefore asked Hungary to recover that aid from MOL, which amounted to about 96.6 million euros for 2008 and about 6.6 million euros for 2009.

Source: http://mtva.hu/hu/hungary-matters