BUCHAREST (Romania), February 8 (SeeNews) - The European Commission (EC) said on Tuesday that it approved Romania's plans to provide 43.63 million euro ($49.8 million) in aid to compensate CFR Calatori, the largest public service operator of rail passenger transport in Romania.
The aid will compensate CFR Calatori for the damage it suffered from April until August 2020 due to the coronavirus outbreak and the restrictive measures that the Romanian government had to implement to limit the spread of the virus, the EC said in a press release.
The aid will take the form of an equity injection.
The Commission found that the notified measure will compensate damage that is directly linked to the coronavirus outbreak. It also found that the measure is proportionate, as the compensation does not exceed what is necessary to make good the damage. On this basis, the Commission concluded that the measure is in line with EU State aid rules.
($= 0.8756 euro)