The European Commission considers that the privatisation of an automobile company controlled by the Romanian State constitutes a State aid incompatible with EC State aid rules (Automobile Craiova)

"State aid issues in the privatisation of public undertakings - Some recent decisions"*I. Introduction The general definition of State aid is set out in Article 87(1) of the EC Treaty, which prohibits ‘…any aid granted by a Member State or through State resources in any form whatsoever which distorts or threatens to distort competition by favouring certain undertakings or the production of certain goods… insofar as it affects trade between Member States’, save as otherwise provided in the same Treaty. This provision can be broken down into a set of criteria which must all be met in order for a measure to qualify as State aid: it must i) be financed from State resources, ii) grant an advantage in a selective way, i.e. to ‘certainundertakings…’but not to others, and iii) have an effect on

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Loredana Von Buttlar, Zsofia Wagner, Salim Medghoul, The European Commission considers that the privatisation of an automobile company controlled by the Romanian State constitutes a State aid incompatible with EC State aid rules (Automobile Craiova), 27 February 2008, e-Competitions Bulletin Automobile, Art. N° 35252

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