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It's official!

European Commission compels Romania to recover an illegal state aid of 27 million euro from Ford

de Alina Comanciu     HotNews.ro
Miercuri, 27 februarie 2008, 14:07 English | Business

European Commission officials opened up an investigation in October 2007 to analyze whether Romanian authorities conditioned the privatization of Automobile Craiova by a series of musts, in order to maintain a certain production level and not to fire people. On their turn, Romanian officials accepted a lower selling prices, in exchenge for having these conditions met. The European Commission ruled on Wednesday that the agreement between the two represents a state aid and therefore, it is illegal.
























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