Business
Bumech Files Complaint To EU Commission On Public Aid
Bumech Files Complaint To EU Commission On Public Aid
About this update from Bumech S.a.
Bumech SA GPW:BMC:SAID ON WEDNESDAY IT HAS FILED COMPLAINT TO EUROPEAN COMMISSION REGARDING ILLEGAL OR MISUSED PUBLIC AIDSAYS COMPLAINT CONCERNS SUPPORT MECHANISMS FOR STATE-OWNED COMPANIES THAT DISTORT FAIR MARKET COMPETITIONMECHANISM INCLUDES SUBSIDIES COVERING THE DIFFERENCE BETWEEN PRODUCTION COSTS AND COAL SALES REVENUECOMPANIES WITH PARTIAL AND SOLE PARTICIPATION OF NON-STATE CAPITAL, SUCH AS LW BOGDANKA, JSW, AND BUMECH'S UNIT PG SILESIA, ARE EXCLUDED FROM THE AIDSAYS THIS GIVES STATE-OWNED MINING COMPANIES AN UNFAIR ECONOMIC ADVANTAGE, EXCLUDING UNSUBSIDISED COMPANIES FROM THE MARKET Source text for Workspace: Further company coverage: