Brussels, 15/09/2009 (Agence Europe) - On Tuesday 15 September, the European Commission opened a formal investigation into Romania's plans to grant a €135 million debt-to-equity swap and a €339.2 million state guarantee for chemical producer Oltchim. The Commission has doubts whether the planned measures are in line with the state aid rules and, in particular, “whether a private operator would have accepted to make available such measures”. On the other hand, the Commission approved...