The European Commission concluded on Tuesday 29 October that Romania's plan to inject 200 million euros into CEC Bank, which is fully state-owned, does not involve any State Aid. “The recapitalization will be carried out on market terms and therefore involves no State Aid in favour of the bank within the meaning of EU rules”, the institution considers.
According to Margrethe Vestager, Commissioner for Competition Policy, “the EU Treaty is neutral when it comes to public versus private...