EC investigates potential breach of state-aid rules for Oltchim

The European Commission has opened an in-depth probe to verify whether debt write-offs by the Romanian State and continued supplies by state-owned enterprises in favor of Oltchim, despite the petrochemical company’s deteriorating financial situation, were in line with EU state aid rules, according to an EC press release quoted by business-review.eu. The Commission will investigate the accumulation of debts owed to the Romanian Authority on ...

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