EC Approved RON1.29B State Aid To Romanian CNH

The European Commission approved a state aid worth nearly 1.29 billion lei (EUR1=RON3.7619) to Romania’s coal mining company Compania Nationala a Huilei, or CNH, the commission said Wednesday. The commission, which approved the state aid in the fall of 2007, said the money would be granted to CNH during 2007-2010.In 2007, the Romanian Government granted state aids worth RON227.6 million to CNH, whose debt to the state budget was annulled at the end of 2006 via an emergence government ...

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