Author: European Commission.
The following press release was issued by the European Commission on .
Commissioner Margrethe Vestager, in charge of competition policy, stated: Following the economic difficulties of Oltchim and the cancellation of public debts owed by the company, we need to verify whether a private creditor would have accepted to act in the same way. Thanks to its recent reorganisation, Oltchims financial situation has improved and Romania hopes to find a new investor. Our aim is to facilitate a sustainable future for the economic activities of the company without the need for further government support.
Oltchim is one of the largest petrochemical companies in Romania and South-East Europe. The Ro…
Read the full article at: https://neurope.eu/press-release/state-aid-commission-opens-in-depth-investigation-into-support-for-romanian-petrochemical-company-oltchim/