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News article20 February 2024

Commission launches first investigation under Foreign Subsidies Regulation

Man with pen in his hand and a magnifying glass going over some documents

The European Commission has recently launched its first in-depth investigation under the Foreign Subsidies Regulation, examining potential market distortions in a Bulgarian public procurement procedure involving electric ‘push-pull’ trains. Triggered by a notification sent from CRRC Qingdao Sifang Locomotive Co., Ltd., a Chinese state-owned subsidiary, the investigation aims to ensure fair competition by scrutinising foreign subsidies received by the company. The Commission is scheduled to conclude the investigation and reach a final decision by 2 July 2024.

Read more in the official press release, here.