17.11.2012 Official Journal of the European Union L 320/27 DECISIONS COMMISSION DECISION of 13 July 2011 on the State aid SA.28903 (C 12/10) (ex N 389/09) implemented by Bulgaria in favour of Ruse Industry (notified under document C(2011) 4903) (Only the Bulgarian text is authentic) (Text with EEA relevance) (2012/706/EU) THE EUROPEAN COMMISSION, Having regard to the Treaty on the Functioning of the European Union, and in particular the first subparagraph of Article 108(2) thereof, Having regard to the Agreement on the European Economic Area, and in particular Article 62(1)(a) thereof, Having called on interested parties to submit their comments pursuant to the provisions cited above (!), Whereas: I PROCEDURE (1) On 30 June 2009 the Bulgarian authorities notified the Commission a restructuring measure in favour of Ruse Industry AD (hereinafter ‘Ruse Industry’ or ‘the company’), in form of deferral and rescheduling of public debt amounting to EUR 9,85 million. (2) A detailed information request was sent to the Bulgarian authorities on 28 July 2009. Bulgaria replied partially on 24 August 2009 and asked for an extension of delay by the same letter, which was granted by letter of 28 August 2009. Bulgaria submitted further information on 30 September 2009. The Commission asked further clarification on 27 November 2009 to which Bulgaria replied on 15 December 2009. A further extension to complete the missing information was granted on 20 December 2009. Bulgaria submitted further information on 17 February 2010. (3) By letter dated 14 April 2010 the Commission informed Bulgaria that it had decided to initiate the procedure laid down in Article 108(2) of the Treaty on the Functioning of the European Union (?) (TFEU’) in respect of the aid. () OJ C 187, 10.7.2010, p. 7. () With effect from 1 December 2009, Articles 87 and 88 of the EC Treaty have become Articles 107 and 108, respectively, of the TFEU; the two sets of provisions are, in substance, identical. For the purposes of this Decision, references to Articles 107 and 108 of the TFEU should be understood as references to Articles 87 and 88, respectively, of the EC Treaty where appropriate. (4)  The Commission decision to initiate the procedure was published in the Official Journal of the European Union (3). (5 The Commission received no comments from interested parties. (6)  Bulgaria submitted comments to the Commission’s opening decision by letter dated 10 May 2010, sent to the Commission and registered by it on 17 June 2010. On 7 June 2010 the Bulgarian authorities provided further information. (7) A further request for information was sent by the Commission on 29 October 2010, to which the Bulgarian authorities replied by letter dated 12 November 2010, sent to the Commission and registered on 23 November 2010 and by letter dated 3 December 2010, sent to the Commission and registered on 6 December 2010. (8)  On 11 November 2010 the Bulgarian authorities filed bankruptcy proceedings against the company. (9) By letter dated 14 June 2010 sent to the Commission on 23 November 2010, the Bulgarian authorities withdrew their notification of 30 June 2009. II DESCRIPTION The beneficiary (10)  The beneficiary of the aid measure is Ruse Industry. The company (initially called Ruse Shipyard (*) was created in 1991 and is located in Ruse, Bulgaria, a region eligible for aid under Article 107(3)(a) TFEU. The company was privatised in April 1999, when 80 % of its shares were sold to the German firm Rousse Beteiligungsgesellschaft mbH. () Cf. footnote 2. (*) On 4 April 2009 the trade register of Bulgaria recorded the change of the name of Ruse Shipyard into Ruse Industry