The European Commission ordered Romania on Monday 17 December to recover about 335 million euros in state aid incompatible with EU law granted to the petrochemical company Oltchim.
In April 2016, the institution opened an in-depth investigation to assess the compatibility of measures put in place by Bucharest since 2012 to support Oltchim. In particular, it was to be determined whether the non-enforcement, accumulation of debts and debt cancellations owed by Oltchim to the Romanian...