in this issue
Regions :: Eastern Europe :: Hungary
Reports: European Commission rejects government aid scheme for Oltchim
2:17 PM MDT | April 10, 2013 | Francinia Protti-Alvarez
The European Commission has rejected a request by the Romanian government to supply debt-burdened petrochemical manufacturer Oltchim (Râmnicu Vâlcea, Romania) with €20 million ($26 million) in state aid, Romanian media sources report. The €20 million were in addition to a €25-million senior loan that the government was expected to provide to Oltchim, as previously reported by CW. Oltchim required the combined €45 million to relaunch production at 65% of capacity. Following the commission's refusal, and in the absence of offers to...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee