The following measures subject to this Decision unlawfully put into effect by Romania in breach of Article 108(3) TFEU, together and separately, constitute State aid:
(a)the non-enforcement and further accumulation of debts owed by CFR Marfă to the State budget between 2010 and the 2013 debt-to-equity swap;
(b)the non-enforcement and further accumulation of debts owed by CFR Marfă to CFR Infrastructură between 2010 and the 2013 debt-to-equity swap;
(c)the 2013 debt-to-equity swap;
(d)the non-enforcement and further accumulation of debts owed by CFR Marfă to CFR Infrastructură after the 2013 debt-to-equity swap until 2018 included.