BRUSSELS LAUNCHES FORMAL PROBE INTO FORD SUBSIDIES IN ROMANIA
September 1st, 2008
BY KEITH NUTHALL
THE EUROPEAN Commission may block the payment by the Romanian government of Euro 57 million to fund a training programme at the Ford plant at Craiova, south west Romania, because it fears it is illegal state aid. Brussels has launched a formal state aid inquiry into the planned subsidy, to check whether it does actually break European Union (EU) subsidy laws. The move comes just five months after the Commission approved the payment of Euro 143 million in other subsidies from the Romanian government to Ford, to help turn around the Craiova ...
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