EU Commission Tells Bulgaria to Scrap Woodland Swap Deals
Monday, 08 September 2014
The European Commission has insisted that Bulgaria either reverse some of its controversial land swap deals or demand back "state aid" given to some involved companies.
Brussels says the deals constitute a violation of the EU's competition rules, the Commission said in statement also received by Novinite.
Some 132 pieces of state-owned woodland was exchanged for private plots between 2007 and 2009 at prices that were often below market level.
No fines will be imposed on Bulgaria.
It is not yet clear how many of the 132 deals will have to be annulled or are to see subsidies returned to the state.