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...