Press Release: State aid: Commission orders recovery of incompatible state aid in favour of Bulgaria’s Ruse Industry

After an in-depth investigation, the European Commission has concluded that the Bulgarian metal manufacturer Ruse Industry, now in bankruptcy proceedings, has received subsidies in the form of unpaid debts to the State of around €3.7 million.

The company has been in difficulties for several years. In June 2009, the Bulgarian authorities notified the Commission of plans to restructure Ruse Industry AD and its debt. In April 2010, the Commission opened an in-depth investigation. The notified restructuring was withdrawn by Bulgaria in November 2010, but the Commission has continued its investigation into the aid involved in view of the State's failure to enforce its debt in previous years. On 11 November 2010, the Bulgarian authorities filed for bankruptcy proceedings against Ruse Industry.

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