Thursday, November 3, 2016

Co-owner of Czech mines complained to the European Commission on Poland – Onet.pl

“the Commission has received a complaint, we investigate it,” – gave the REUTERS the representative of the EC Ricardo Cardoso.

the Energy Ministry has not commented on this information because there is no official documents on this issue.

Yesterday, the CTK Agency reported that a complaint was filed by the company Arca Capital Bohemia, a part of the group Arca Capital, which is owned by Slovak financier Pavol Krupa.

a spokesman for Arca Capitak, Barbora Hanakova told CTK that Arca is confident that the state aid provided by the Polish government to lose mines the Mines of the Ostrava-s. mining Museum (OKD). According to the speaker is a woman Arca filed a complaint with the EC as “intermediary shareholder” OKD.

these Mines are experiencing serious difficulties. The activity of mining, the Czech coal producer is scheduled for completion in 2023. In terms of the ads on GT default, the Czech government agreed in late July to grant the company a loan in the amount of 700 million Swedish crowns (110 million rubles), but subject to the fulfillment of several requirements, including the adoption of its creditors plan restrukturyzacyjnego.

Hanakova said OKD mine located near the Czech-Polish border and could be due to the fact that to supply coal to Polish customers. Arca wrote in the complaint that the measures taken by the government provide an unfair advantage to the Polish state-owned mines, “most of which are very inefficient due to obsolete technology.”

Arca also asserts that “significant overcapacity” in Polish mines leads to sell coal below cost, in violation of competition rules.

According to Krupa “state aid illegally granted state-owned mines in Poland has already exceeded 1 billion euros.” The financier said that the Arch would require that “a recipient of the illegal aid turned money” and to further state aid was not aprobowana.

OKD produces 8 million tons of coal per year. The company has a 9400 its own employees, and in addition, there are 2,700 people out of business with her, co-operating and a further 200 rented from the Agency for employment. In the latter two categories we are talking mostly about workers from Poland. To default OKD contributed to a downward trend of coal prices, and excessive maintenance costs of its own debt.

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