EU asks Romania to clarify aid for Nokia plant

The European Commission said on Friday it had written to Romania’s government to request more information about possible state subsidies for a plant operated by mobile phone maker Nokia.
“I can confirm that the competition department of the Commission wrote to the Romanian authorities back in February and that we received a reply on March 17,” Jonathan Todd, the Commission’s competition spokesman, told a daily news briefing. The Commission, the EU executive, was “examining carefully” the information received from Romania, he said, adding that no formal state aid investigation had yet been opened. “The reason we wrote is purely precautionary, just to establish whether there has been any state subsidy and if so, whether those subsidies are in line with EU state aid rules,” Todd said. (Reuters)
ADVERTISEMENT
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.