2012/706/EU: Commission Decision of 13 July 2011 on the State aid SA.28903 (C 12/10) (ex N 389/09) implemented by Bulgaria in favour of Ruse Industry (notified under document C(2011) 4903) Text with EEA relevance
Data as of 2026-07-04 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
The Commission has decided to close the formal investigation procedure under Article 108(2) of the Treaty on the Functioning of the European Union in respect of the notified debt rescheduling of EUR 9,85 recording that Bulgaria has withdrawn its notification.
The State aid unlawfully granted by Bulgaria in breach of Article 108(3) of the Treaty on the Functioning of the European Union, in favour of Ruse Industry, by way of non-effective enforcement of public debt as from 1 January 2007, is incompatible with the internal market.
1. Bulgaria shall recover the aid referred to in Article 2 from the beneficiary. 2. The sums to be recovered shall bear interest from 1 January 2007 until their actual recovery. 3. The interest shall be calculated on a compound basis in accordance with Chapter V of Commission Regulation (EC) No 794/2004 ( 20 ) .
1. Recovery of the aid referred to in Article 2 shall be immediate and effective. 2. Bulgaria shall ensure that this decision is implemented within four months following the date of notification of this Decision.
1. Within two months following notification of this Decision, Bulgaria shall submit the following information to the Commission: (a) the total amount (principal and recovery interests) to be recovered from the beneficiary; (b) a detailed description of the measures already taken and planned to comply with this Decision; (c) documents demonstrating that the beneficiary has been ordered to repay the aid. 2. Bulgaria shall keep the Commission informed of the progress of the national measures taken to implement this Decision until recovery of the aid referred to in Article 2 has been completed. It shall immediately submit, on simple request by the Commission, information on the measures already taken and planned to comply with this Decision. It shall also provide detailed information concerning the amounts of aid and recovery interest already recovered from the beneficiary
This Decision is addressed to Bulgaria.
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.