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Europe Daily Bulletin No. 11285

31 March 2015
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Bucharest must recover aid paid to two Swedish companies

Brussels, 30/03/2015 (Agence Europe) - On Monday 30 March, the European Commission ordered Romania to recover state aid paid to two Swedish investors as compensation for the cancellation of an investment aid scheme dating from 1998, which was considered to be in breach of EU rules.

The beneficiaries of the aid must pay back all of the money they received, which is equivalent to the sums granted under the cancelled aid scheme.

In late 2013, a court found that by revoking an investment aid...

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