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Nokia pays back 30 million euro, subventions received from German authorities

de A.C.
Luni, 28 aprilie 2008, 18:43 English | Business

A new agreement was reached between Nokia officials and authorities in North Rhein-Westphalia, German Focus magazine informs, quoted by Romanian news agency NewsIn. Thus, Nokia is to reimburse some 30 million euro the Finnish group had received as subventions from the German state when opening a factory in Bochum which it later closed to relocate to Romania. 

Nokia received some 60 million euro but according to the latest agreement, Nokia has to pay back only 30 million euro which will be deposited in a special development account for the Bochum area.

Recently, Nokia's decision to relocate its factory from Bochum, Germany to Romania lead to a series of protests from both citizens and politicians who urged Germans to boycott Nokia products.

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