New state aid system for coal industry

The European Commission presented on 25 July new rules for state aid to the EU's coal industry. Member States will be allowed to finance the closure of coal mines until 2007 and operational subsidies can be given until 2010.

The European Commission presented on 25 July new rules for state aid to the EU’s coal industry. Member States will be allowed to finance the closure of coal mines until 2007 and operational subsidies can be given until 2010.