CASE COMMENTS : STATE AID – COAL AND STEEL – PUBLIC AID GRANTED PRIOR TO ACCESSION – RESPECTIVE POWERS OF THE NATIONAL AUTHORITIES AND THE EUROPEAN COMMISSION – AID APPLICABLE FOLLOWING ACCESSION – RECOVERY

Aid granted prior to accession: The Court of Justice rules that the Bulgarian authorities may adopt on their own motion a decision to recover State aid granted prior to accession, which does not satisfy the conditions of a Protocol to the Europe Agreement (Kremikovtzi)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. CJEU, 29.11.12, Kremikovtzi v. Ministar na ikonomikata, C-262/11 Reference was made to the Court of Justice for a preliminary ruling by a Bulgarian national court on the provisions applicable to the recovery of aid granted before accession in 2007 to the steel company Kremikovtzi (the only Bulgarian steel company to have benefited from state restructuring aid). Kremikovtzi had received public support, mostly in 1999, and was granted further support in 2004. Its restructuring programme was amended and its restructuring period extended in 2006 with the Commission's approval. However, after accession, the company finally filed for bankruptcy as the

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  • European Commission - Legal Service (Brussels)

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Bruno Stromsky, Aid granted prior to accession: The Court of Justice rules that the Bulgarian authorities may adopt on their own motion a decision to recover State aid granted prior to accession, which does not satisfy the conditions of a Protocol to the Europe Agreement (Kremikovtzi), 29 November 2012, Concurrences N° 1-2013, Art. N° 50668, pp. 145-146

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