Tag: state aid

State aid for Iasi-Ungheni gas pipeline in line with EU legislation – Romania, 11 October 2016

Chairman of the Romanian Competition Council Bogdan Chiritoiu said that the European Commission (EC) analyzed the state aid awarded by Romanian authorities to the country’s natural gas transmission system operator Transgaz for the construction of Iasi-Ungheni gas pipeline and found that it is in accordance with the EU legislation. In 2015, Transgaz received state aid […]

State aid to NEK mildly positive for BEH’s rating – Bulgaria, 3 October 2016

The ratings company Fitch Ratings said in the statement that an interest-free loan from the Bulgarian state to National Electric Company (NEK) for the NPP Belene arbitration payment is mildly positive for the rating of Bulgarian Energy Holding (BEH), which NEK is a subsidiary of. Last week, The Bulgarian Parliament has approved a draft bill […]

EC approved support for power plants on non-interconnected islands – Greece, 29 August 2016

The European Commission (EC) has approved Greek plans to support the modernization of power plants on non-interconnected islands, as it was found to be in accordance with the EU rules on state subsidies. In December 2015, Greece informed the EC that it plans to issue a state guarantee to Public Power Corporation (PPC), which would […]