CFR Marfă ordered to repay around EUR 570 million of incompatible State aid
Company: CFR Marfă S.A.
Summary
The European Commission found in February 2020 that Romanian state-owned rail freight operator CFR Marfă had received around EUR 570 million of incompatible State aid through non-collection of public debts and a debt write-off. The Commission concluded that the measures gave CFR Marfă an unfair advantage over competitors in Romania's liberalised rail-freight market and required Romania to recover the incompatible aid. Sources: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52021SC0177 and https://www.oecd.org/en/publications/oecd-review-of-the-corporate-governance-of-state-owned-enterprises-in-romania_fabf20a8-en/full-report/component-5.html