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EU Court overturns aid's decision for Paks NPP

(ANSA) - BELGRADE, SEP 11 - The EU Court of Justice has overturned the European Commission's decision to approve Hungary's aid for the Paks II nuclear power plant, ruling that the EU executive should have verified whether the direct award of a contract for the construction of two new reactors to a Russian company complied with European public procurement rules. In 2017, the Commission approved Budapest's plan to provide aid to the state-owned company MVM Paks II for the construction of two new nuclear reactors at the Paks nuclear power plant. The company was to take over ownership and operation of the two new reactors for free. Their construction would have been entirely funded by the Hungarian government. (ANSA).