US EditionEC clears €200mn capital increase at Romanian state-owned CEC Bank
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Green light from Brussels: CEC Bank's capital can be increased by the state with 1 billion lei from the budget. The European Commission considers that the recapitalization of the bank controlled by the Ministry of Finance does not constitute state aid
The European Commission (EC) has decided that the €200 million (1 billion lei) recapitalization of CEC Bank in Romania, a bank wholly owned by the state, does not constitute state aid within the meaning of EU state aid rules.
·Ilfov County, Romania
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