European Commission approves state aid for Romanian investment bank
The European Commission has authorised Romanian state measures supporting the country's national investment and development bank, Banca de Investiții și Dezvoltare S.A. (BID), under EU State aid rules.
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According to the European Commission, the approved measures are designed to support the national investment and development bank, Banca de Investiții și Dezvoltare S.A. (BID). The decision, announced by the Commission, confirms that the state support complies with European Union rules regarding state aid.
The approval allows Romania to proceed with the measures intended to facilitate the operations of the development bank. No further details regarding the specific financial structure or implementation of the aid were provided in the official release.
Source: European Commission. Read the original report ↗
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This brief is based on reporting by European Commission.supports: European Commission