Tag Archives: steel plant

Bulgarian Plan for Restructuring of Steel Plant Failed

The European Commission has found that the Bulgarian steel producer Kremikovtzi did not implement the business plan established for its restructuring, which had been agreed by the Commission in 2006 on the basis of a special steel protocol to the Europe Agreement applicable to EU/Bulgaria relations prior to the 2007 accession. The company has received about €222 million of restructuring aid.