State aid: Commission opens in-depth investigation into support for Romanian petrochemical company Oltchim – EU News

Commissioner Margrethe Vestager, in charge of competition policy, stated: “Following the economic difficulties of Oltchim and the cancellation of public debts owed by the company, we need to verify whether a private creditor would have accepted to act in the same way. Thanks to its recent reorganisation, Oltchim’s financial situation has improved and Romania hopes…

The full details of the Swansea City takeover: All the key questions answered – WalesOnline

Swansea City are set for major investment from the US as part of a shock takeover deal . It comes after months of secret top-level talks and will potentially see Swansea compete on another level after establishing themselves in the Premier League. WalesOnline broke the sensational story tonight and now Football Correspondent CHRIS WATHAN provides…

EC report highlights non-performing loans – Cyprus Property News Magazine

THE EUROPEAN COMMISSION has sent a warning regarding the course of debt restructuring in the Cypriot banking system, saying that efforts to restructure non-performing exposures have not yet shown tangible results. Financial institutions have stepped up their debt restructuring efforts, but the results have been mixed so far, the Commission report said, adding that the…