Brussels, 22/02/2012 (Agence Europe) - On Wednesday 22 February, the European Commission authorised Romania to grant RON 1169 million (approximately €270 million) of public funding to National Hard Coal Company JSC Petrosani (CNH SA) for the closure of three uncompetitive coal mining units. It takes the view that this measure is in line with EU state aid rules.
Council Decision 2010/787/EU allows public authorities, subject to a number of conditions, to grant aid to the coal industry with...