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Europe Daily Bulletin No. 13352

17 February 2024
EXTERNAL ACTION / Trade
Unfair foreign subsidies – European Commission opens in-depth investigation into Chinese subsidy
Brussels, 16/02/2024 (Agence Europe)

On Friday, 16 February, the European Commission announced that it was opening its first in-depth investigation under its regulation on unfair foreign subsidies. It is targeting a state-owned Chinese company that manufactures trains and that took part in a Bulgarian public tender for the provision of 20 electric trains. The value of this public contract is estimated to be €610 million.

The Chinese company ‘CRRC Qingdao Sifang Locomotive Co., Ltd.’, notified the European Commission...

Contents

SOCIAL AFFAIRS
EXTERNAL ACTION
SECTORAL POLICIES
ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
NEWS BRIEFS
Op-Ed