The European Commission authorised, on Wednesday 26 January, Romania’s plan to grant Complexul Energetic Oltenia SA (CE Oltenia) restructuring aid of €2.66 billion.
For Margrethe Vestager, Executive Vice-President responsible for competition policy, the restructuring plan submitted by Romania and the aid to support it “will ensure that CE Oltenia can return to long-term viability without the need of continued State aid”.
During the in-depth investigation, Romania submitted a...