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Image header Agence Europe
Europe Daily Bulletin No. 12877
Contents Publication in full By article 18 / 32
ECONOMY - FINANCE - BUSINESS / State aid

Green light for €2.7 billion support for Romanian power company CE Oltenia

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...

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