Author (Corporate) | European Commission: DG Communication |
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Series Title | Press Release |
Series Details | IP/14/1041 (25.09.14) |
Publication Date | 25/09/2014 |
Content Type | News |
The European Commission is opening infringement proceedings against the Republic of Bulgaria for its failure to correctly transpose Articles 1(3) and 10(1) of Directive 94/19/EC (the Deposit Guarantee Scheme Directive) as well as its failure to comply with the principle of free movement of capital under Article 63 TFEU. By opening these infringement proceedings, the Commission is exercising its responsibility to monitor compliance with EU law by Member States. The Commission expects that depositors will be given immediate access to the amount of bank deposits to which they are entitled. The Commission is sending a letter of formal notice to Bulgaria, the first formal stage in infringement proceedings. Bulgaria has until 15 October 2014 to respond. |
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Source Link | http://europa.eu/rapid/press-release_IP-14-1041_en.htm |
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Subject Categories | Business and Industry |
Countries / Regions | Bulgaria, Europe |
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