The European Commission has opened an in-depth investigation into a subsidiary of China Railway Rolling Stock Corp. Ltd. (CRRC), examining whether it unfairly benefited from state subsidies while bidding on a light rail project in Portugal. The probe marks the second time the EU has used its new regulatory tool to scrutinize the Chinese trainmaker. […]
The European Commission has opened a formal investigation into China Railway Rolling Stock Corporation (CRRC) following allegations of unfair state-backed advantages in its bid for a major Lisbon rail tender. The move marks one of the most significant enforcement actions under the EU’s Foreign Subsidies Regulation (FSR), signaling Brussels’ determination to ensure a level playing […]
Portugal has announced a landmark shift in its public finance infrastructure, adopting a blockchain-based ledger system for public procurement management. The reform is part of the government’s broader digital transformation strategy aimed at improving transparency, efficiency and accountability in state spending. transitioning procurement records and contracts to a distributed ledger, Portugal seeks to eliminate corruption […]
