Public version 45 2010 - European...
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State Aid Weekly e-News No 45/10 1 No. 45/10, 17.12.2010 10.12.2010 - 16.12.2010 Highlights Commission approves prolongation of a scheme for recapitalisation of credit institutions in Greece by the Hellenic Financial Stability Fund (FSF) The European Commission has authorised, under EU state aid rules, a six-month extension (until 30 June 2011) of a scheme for the recapitalisation of credit institutions in Greece by the Hellenic Financial Stability Fund (FSF). The Commission found the extension of the scheme, initially approved on 3 September 2010 (see IP/10/1092 ), to be in line with its guidance on state aid to banks during the crisis (see IP/08/1495 and IP/08/1901 ), and in particular the recent Communication from the Commission on the application, from 1 January 2011, of State aid rules to support measures in favour of banks in the context of the financial crisis (see IP/10/1636 ). In particular, the extended measures can be considered as an appropriate means for remedying a serious disturbance in the Greek economy and as such are compatible with Article 107(3)(b) of the EU Treaty. Midday Express, 14.12.2010 Commission authorises Sweden to grant SEK222 million (€24 million) for biofuel research project «GoBiGas» The European Commission has authorised under EU state aid rules a support of SEK222 million (approximately € 24 million) that Sweden intends to grant to the Gothenburg Biofuels Gasification (GoBiGas) research and development (R&D) project. Göteborg Energi AB, a Swedish energy company, will manage the project, which will be carried out by its subsidiary, GoBiGas AB. The objective of the project is to develop a pre-commercial demonstration plant for the gasification of forest residue. The Commission has concluded that the project is compatible with the EU Framework for State aid for research, development and innovation (R&D&I) (see IP/06/1600 ). In particular, the aid aims at tackling a market failure and generates positive effects for the EU, notably increased research activities, environmental protection and security of energy supply. Read more Commission approves aid to promote heritage conservation in two Polish salt mines The European Commission has authorised, under EU state aid rules, a €240 million aid for protection and security works in the heritage salt mines of Wieliczka and Bochnia, near Cracow, in Poland. The Commission found the aid to be in line with EU state aid rules, because it contributes to preserve national cultural heritage without adversely affecting trade between Member States. Read more Commission approves extension of the Austrian aid scheme for financial institutions The European Commission has authorised, under EU state aid rules, a six months extension until 30 June 2011 of the Austrian scheme for financial institutions. The extended scheme includes a reduced overall budget for Continue on page 2 In the issue: • Draft legislation and public consultations >> • Simplified Procedure: notification summaries >> • Decisions to open formal investigation >> • Final Commission decisions >> • Block exemptions >> • Court of Justice of the European Union >> • European Economic Area >> • Additional points of interest >>
Transcript of Public version 45 2010 - European...
State Aid Weekly e-News No 45/10 1
No. 45/10, 17.12.2010 10.12.2010 - 16.12.2010
Highlights Commission approves prolongation of a scheme for recapitalisation of credit institutions in Greece by the Hellenic Financial Stability Fund (FSF) The European Commission has authorised, under EU state aid rules, a six-month extension (until 30 June 2011) of a scheme for the recapitalisation of credit institutions in Greece by the Hellenic Financial Stability Fund (FSF). The Commission found the extension of the scheme, initially approved on 3 September 2010 (see IP/10/1092), to be in line with its guidance on state aid to banks during the crisis (see IP/08/1495 and IP/08/1901), and in particular the recent Communication from the Commission on the application, from 1 January 2011, of State aid rules to support measures in favour of banks in the context of the financial crisis (see IP/10/1636). In particular, the extended measures can be considered as an appropriate means for remedying a serious disturbance in the Greek economy and as such are compatible with Article 107(3)(b) of the EU Treaty. Midday Express, 14.12.2010 Commission authorises Sweden to grant SEK222 million (€24 million) for biofuel research project «GoBiGas» The European Commission has authorised under EU state aid rules a support of SEK222 million (approximately € 24 million) that Sweden intends to grant to the Gothenburg Biofuels Gasification (GoBiGas) research and development (R&D) project. Göteborg Energi AB, a Swedish energy company, will manage the project, which will be carried out by its subsidiary, GoBiGas AB. The objective of the project is to develop a pre-commercial demonstration plant for the gasification of forest residue. The Commission has concluded that the project is compatible with the EU Framework for State aid for research, development and innovation (R&D&I) (see IP/06/1600). In particular, the aid aims at tackling a market failure and generates positive effects for the EU, notably increased research activities, environmental protection and security of energy supply. Read more Commission approves aid to promote heritage conservation in two Polish salt mines The European Commission has authorised, under EU state aid rules, a €240 million aid for protection and security works in the heritage salt mines of Wieliczka and Bochnia, near Cracow, in Poland. The Commission found the aid to be in line with EU state aid rules, because it contributes to preserve national cultural heritage without adversely affecting trade between Member States. Read more Commission approves extension of the Austrian aid scheme for financial institutions The European Commission has authorised, under EU state aid rules, a six months extension until 30 June 2011 of the Austrian scheme for financial institutions. The extended scheme includes a reduced overall budget for Continue on page 2
In the issue: • Draft legislation and public consultations >> • Simplified Procedure: notification
summaries >> • Decisions to open formal investigation >> • Final Commission decisions >>
• Block exemptions >> • Court of Justice of the European Union >> • European Economic Area >> • Additional points of interest >>
State Aid Weekly e-News No 45/10 2
the state measures. The extension of the recapitalisation measures is in line with the requirements of the Commission's 2010 Communication on support measures for banks during the financial crisis (see IP/10/1636). In particular, it requires the presentation of a restructuring plan in the event of granting recapitalisation measures. The Commission also found the extension of the measures, initially approved on 9 December 2008 (see IP/08/1933), to be in line with its guidance on state aid to financial institutions during the crisis (see IP/08/1495 and IP/08/1901). In particular, they are well targeted, proportionate and limited in time and scope. The Commission has therefore concluded that the extended measures represent an appropriate means of remedying a serious disturbance in the Austrian economy and as such are compatible with Article 107(3)(b) of the TFEU. Midday Express, 16.12.2010 Commission approves extension of two Polish support schemes for financial institutions The European Commission has authorised, under EU state aid rules, a six months extension until 30 June 2011 of the Polish recapitalisation scheme and the Polish guarantee scheme. The budgets for the extended Polish schemes remain unchanged. The extension of the recapitalisation scheme is in line with the requirements set out in the Commission's 2010 Communication on support measures for banks during the financial crisis (see IP/10/1636). In particular, it requires the presentation of a restructuring plan in the event of granting recapitalisation measures. The Commission also found the extension of the measures, initially approved on 21 December 2009 (see IP/09/1979) (Polish recapitalisation scheme) and on 25 September 2009 (see IP/09/1360) (Polish guarantee scheme) to be in line with its guidance on state aid to financial institutions during the crisis (see IP/08/1495 and IP/08/1901). In particular, they are well targeted, proportionate and limited in time and scope. The Commission has therefore concluded that the extended measures represent an appropriate means of remedying a serious disturbance in the Polish economy and as such are compatible with Article 107(3)(b) of the TFEU. Midday Express, 16.12.2010 Commission opens in-depth investigation into Danish taxation of gambling services The European Commission has opened, under EU state aid rules, a formal investigation to examine whether lower taxes for online casinos in comparison to traditional casinos in Denmark could procure an anticompetitive advantage for such online casinos. The opening of an in-depth investigation provides interested third parties with the possibility to submit their comments on the possible implications of the planned measure. It does not prejudge the outcome of the investigation. Read more Commission carries out in-depth review of restructuring of Hungarian FHB The European Commission has opened, under EU state aid rules, an in-depth investigation into the proposed restructuring of FHB, a Hungarian bank which benefitted from two aid measures provided by the State. At this stage, the Commission has doubts whether the aid was properly remunerated and not used for the expansion of the bank at the expense of its competitors. The opening of an in-depth investigation gives third parties the possibility to comment and does not prejudge the final outcome. Read more Commission opens in-depth investigation into Greek state aid in the cereal sector The European Commission has opened a formal investigation under the EU State aid rules into Greek aid to the cereal sector. The aid took the form of (i) a loan amounting to € 150 million granted to Unions of Agricultural Cooperatives with the guarantee of the state, and (ii) the subsidisation of the interest for this loan. The Commission has doubts concerning the compatibility of this scheme with EU law. The opening of a formal investigation allows the Commission to examine the measure more closely and gives interested third parties the possibility to submit comments. It does not prejudge the outcome of the procedure. Read more Commission temporarily authorises BGN249 million rescue aid for Bulgarian railway company The European Commission has authorised under EU state aid rules, state financing worth BGN249 million (approximately €128 million) for the Bulgarian railway operator BDZ EAD. The aid is in line with EU rules on rescue aid (see MEMO/04/172), because it is limited in time and scope. The Commission approved the measure
State Aid Weekly e-News No 45/10 3
temporarily, until it can take a position on the restructuring plan to be submitted by Bulgaria within maximum six months. Read more New base rates for all Member States as from 1 January 2011 Rates are calculated in accordance with the Commission communication of 19.1.2008. To these base rates the appropriate top-ups need to be added. Read more
Draft legislation and public consultations
Subject Deadlines for
comments Further information
Consultation on the Review of Rescue and Restructuring aid Guidelines
02.02.2010 DG Competition
All public consultations: DG Competition
DG Agriculture DG Maritime Affairs and Fisheries
Simplified Procedure: notification summaries Invitation to comment on simplified procedure cases The summaries of aid measures notified under the Notice on a Simplified Procedure for the treatment of certain types of State aid have been prepared by the Member States under their responsibility. The Commission can therefore not be held responsible for any incorrect or misleading information contained therein. Observations raising competition issues relating to the notified measure must reach the Commission no later than 10 working days following the date of the publication of a summary of notification. The submission shall include a non confidential version of the observations. For more information, click here
Country Title Case number Publication
date
Ireland Amendments to the Renewables Obligation Northern Ireland 2011
en
SA.31537 (N 556/2010)
14.12.2010
Poland Nordea Bank AB Oddział w Polsce
en pl
SA.31723 (N 555/2010)
10.12.2010
Decisions to open formal investigation 1. Decisions taken by the Commission
Country Title Case
number Objective
Decision date
DG Competition cases
State Aid Weekly e-News No 45/10 4
Denmark Legislative Proposal L 203 on Gaming Duties
Part no aid decision/Part decision to open formal investigation
Press release
C 35/2010 (ex N 302/2010)
14.12.2010
Hungary Recapitalisation of FHB
Press release
C 37/2010 (ex NN 64/2010)
16.12.2010
DG Agriculture cases
Greece Aid to cereal producing farmers and cereal collecting cooperatives
Press release
C 36/2010 (ex NN 3/2010)
14.12.2010
2. Decisions pending OJ publication Click here to see the full list 3. Decisions published in the OJ from 16.11.2010 to 16.12.2010 – Formal comments period running * Where the last day of the public comments period falls on a public holiday in a Member State, the deadline for comments of parties residing in that Member State ends on the following working day.
Country Title/link to documents Case
number Objective
Decision date
DG Competition cases
Spain Aid for the deployment of digital terrestrial television (DTT) in Castilla-La Mancha
OJ C 335 of 11.12.2010, p. 8 bg es cs da de et el en fr it lv lt hu mt nl pl pt ro sk sl fi sv
Press release
Deadline for comments*: 11.01.2011
C 24/2010 (ex NN 37/10)
29.09.2010
Spain Aid for the deployment of digital terrestrial television (DTT)
OJ C 337 of 14.12.2010, p. 17 bg es cs da de et el en fr it lv lt hu mt nl pl pt ro sk sl fi sv
Press release
Deadline for comments*: 14.01.2011
C 23/2010 (ex NN 36/10)
29.09.2010
Final Commission decisions
State Aid Weekly e-News No 45/10 5
1. Decisions taken by the Commission 1.1. Decisions to close formal investigation
Country Title Case
number Objective
Decision date
DG Competition cases
France Centre d'exportation du livre français (CELF)
Negative decision with recovery
C 39/1996 Culture aid 14.12.2010
Greece Restructuring aid to Varvaressos
Conditional decision
C 8/2010 (ex N 21/2009 and ex NN 15/2010)
Restructuring aid 14.12.2010
Germany Biria Gruppe
Negative decision with recovery
C 38/2005 (ex NN 52/2004)
Restructuring aid 14.12.2010
1.2. No objection decisions
Country Title Case
number Objective
Decision date
DG Competition cases
Austria Austrian federal broadband scheme N 336/2010 Sectoral development aid
10.12.2010
Austria Fourth prolongation of Austrian bank support scheme
SA.32018 Remedy for a serious disturbance in the economy
16.12.2010
Bulgaria Rescue aid for the Bulgarian State Railways EAD (BDZ)
Press release
N 402/2010 Rescuing aid 15.12.2010
Germany Aid for Sovello3 in Thalheim
Press release
N 237/2010 Regional development aid
14.12.2010
Germany Eckpunkte Ersatz von Schäden, die durch das Hochwasser im September 2010 in Sachsen entstanden sind (Hochwasserhilfe 2010)
N 486/2010 Compensation of damages caused by natural disaster
15.12.2010
Germany Navigation and Maritime Technology for the 21st Century. R&D-scheme alteration
N 518/2010 R&D aid 15.12.2010
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Greece Prolongation of the Recapitalisation of credit institutions in Greece under the Financial Stability Fund
Midday Express, 14.12.2010
SA.31999 Remedy for a serious disturbance in the economy
14.12.2010
Hungary State aid to Danube Cultural Palace N 122/2010 Culture aid 13.12.2010
Latvia Amendment to biofuel support scheme (direct aid)
N 26a/2010 Environmental aid
14.12.2010
Netherlands Aid for CO2 delivery to Zuidplaspolder
Press release
N 208/2010 Environmental aid
14.12.2010
Poland Aid to promote heritage conservation in the salt mine of Wieliczka
Press release
NN 66/2010 Heritage conservation aid
14.12.2010
Poland Aide à obtenir la mine de sel de Bochnia – Pologne
Press release
NN 67/2010 Heritage conservation aid
14.12.2010
Poland Third prolongation of Polish bank guarantee scheme
N 533/2010 Remedy for a serious disturbance in the economy
16.12.2010
Poland Second prolongation of Polish bank recapitalisation scheme
N 534/2010 Remedy for a serious disturbance in the economy
16.12.2010
Romania Romanian film support scheme
Press release
N 303/2010 Culture aid 14.12.2010
Spain Regional investment scheme in Technological and Scientific Parks in Spain – Subprogramme – ACTEPARQ
N 398/2010 Regional development aid
15.12.2010
Spain AYUDAS PARA REPARAR LOS DAÑOS CAUSADOS EN LOS ESTABLECIMIENTOS COMERCIALES POR LAS INUNDACIONES ACAECIDAS LOS DÍAS 9 Y 10 DE JUNIO DE 2010 EN A MARIÑA LUGUESA Y EN LOS AYUNTAMIENTOS LIMÍTROFES.
N 514/2010 Compensation of damages caused by natural disaster
15.12.2010
Sweden Aid for R&D project GoBiGas
Read more
N 276/2010 R&D aid 14.12.2010
Sweden State guarantee to Volvo Cars
N 520/2010 Remedy for a serious disturbance in the economy
16.12.2010
United Kingdom
SHEFA-2 Interconnect N 497/2010 13.12.2010
DG Agriculture cases
Denmark Guarantee scheme N 531/2010 15.12.2010
State Aid Weekly e-News No 45/10 7
Finland Tax refund on certain energy products used in agriculture
N 449/2010 Sectoral development aid
14.12.2010
Italy Mesure 225, payements pour interventions sylvo-envirennementales.art.36, lett. b) point V, et art. 47 du règlement (CE) n. 1698/2005
N 431/2010 Forestry 14.12.2010
Spain Aid for non-productive forestry investments (rural development measure 227)
N 443/2010 Sectoral development aid
14.12.2010
DG Maritime Affairs and Fisheries cases
Italy Ammodernamento delle imbarcazioni da pesca in esercizio
N 549/2010 16.12.2010
Spain Subvenciones para la contratación de seguridad privada a bordo en los atuneros congeladores que actualmente operan en el Oceano Índico
N 153/2010 Compensation of damages caused by natural disaster
14.12.2010
2. Public versions of decisions to close formal investigation* ** Since the OJ publication of no objection/no aid decisions follows very shortly their publication on the website, this section of the e-News focuses only on decisions to close formal investigations. For the latest texts of no objection/no aid decisions please look section 3 "Decisions published in the OJ".
Country Title Case
number Objective
Decision date
DG Competition cases
Hungary Potential aid to Peti Nitrogenmuvek
Part negative decision with recovery/ Part
positive decision
C 14/2009 (ex NN 17/2009)
Rescuing aid 27.10.2010
3. Decisions published in the OJ 3.1. Decisions to close formal investigation
Country Title/link to documents Case
number Objective
Decision date
DG Competition cases
Romania Temporary Framework Guarantee in favour of Oltchim
Withdrawal by Member State
OJ C 337 of 14.12.2010, p. 27 bg es cs da de et el en fr it lv lt hu mt nl pl pt ro sk sl fi sv
Press release
Remedy for a serious disturbance in the economy
19.11.2009
DG Agriculture cases
State Aid Weekly e-News No 45/10 8
Finland Capital tax gains tax relief on sales of cultivated land
Withdrawal by Member State
OJ C 337 of 14.12.2010, p. 14 bg es cs da de et el en fr it lv lt hu mt nl pl pt ro sk sl fi sv
C 9/2010
(ex N 417/2009)
28.10.2010
3.2. No objection decisions * Decisions not to raise objections are frequently grouped together in one single document for publication in the Official Journal. Since the link can only be made to the top of the first page of the document, you may have to scroll down in the document to find a particular case.
Country Title/link to documents* Case
number Objective
Decision date
DG Competition cases
Denmark Programme for Energy Technology Development and Demonstration
OJ C 333 of 10.12.2010, p. 4 bg es cs da de et el en fr it lv lt hu mt nl pl pt ro sk sl fi sv
N 399/2010 14.10.2010
France Amendment to French Regional aid Map 2007-2013
OJ C 340 of 15.12.2010, p. 3 bg es cs da de et el en fr it lv lt hu mt nl pl pt ro sk sl fi sv
N 124/2010 Regional development aid
17.11.2010
Italy IT - LIP - Fiat Powertrain Technologies in Verrone
OJ C 333 of 10.12.2010, p. 2 bg es cs da de et el en fr it lv lt hu mt nl pl pt ro sk sl fi sv
N 27/2010 Regional development aid
09.06.2010
Netherlands Introduction of a Risk equalisation system in the Dutch Health Insurance
OJ C 333 of 10.12.2010, p. 3 bg es cs da de et el en fr it lv lt hu mt nl pl pt ro sk sl fi sv
N 214/2010 09.07.2010
Netherlands Dutch shipbuilding finance
OJ C 333 of 10.12.2010, p. 1 bg es cs da de et el en fr it lv lt hu mt nl pl pt ro sk sl fi sv
N 639/2009 Sectoral development aid
27.10.2010
Spain Scheme for environmental investment in Basque region
OJ C 340 of 15.12.2010, p. 3 bg es cs da de et el en fr it lv lt hu mt nl pl pt ro sk sl fi sv
N 340/2010 Environmental protection aid
15.11.2010
Spain State loan for R&D to ARESA (VTP)
OJ C 333 of 10.12.2010, p. 2 bg es cs da de et el en fr it lv lt hu mt nl pl pt ro sk sl fi sv
N 5/2010 Research and development aid
20.07.2010
Spain "Regional investment scheme in Technological and Scientific Parks in Spain – Subprogramme – ACTEPARQ"
OJ C 333 of 10.12.2010, p. 5 bg es cs da de et el en fr it lv lt hu mt nl pl pt ro sk sl fi sv
N 385/2008 Regional development aid
27.01.2009
State Aid Weekly e-News No 45/10 9
Block exemptions Block exemption Information sheets published in the OJ and/or in the State aid register between 09.12.2010 and 16.12.2010
Court of Justice of the European Union ** IInn oorrddeerr ttoo ccoonnssuulltt tthhee aavvaaiillaabbllee llaanngguuaaggeess ooff ddooccuummeennttss uuppllooaaddeedd iinn tthhee CCuurriiaa wweebbssiittee,, pplleeaassee cclliicckk oonn tthhee eeaarrtthh ssyymmbbooll oonn tthhee lleefftt ssiiddee ttoooollbbaarr..
1. Court of Justice
Court case* Parties Country Type of
act Date Related case
C-537/08P
Kahla/Thüringen Porzellan v Commission
Germany Judgment
16.12.2010 T-20/03 -Kahla/Thüringen Porzellan v Commission
C 62/2000 (ex NN 142/99) -Thüringen Porzellan GmbH (Kahla/Thüringen)
C-239/09
Seydaland Germany Judgment
16.12.2010 Article 107 of the TFEU
C-362/09P Athinaïki Techniki v Commission
Greece Judgment 16.12.2010 C-521/06 P - Athinaïki Techniki v Commission T-94/05 Athinaïki Techniki v Commission
Commission’s decision to take no further action on the applicant’s complaint
State Aid Weekly e-News No 45/10 10
C-480/09P
AceaElectrabel v Commission
Italy Judgment
16.12.2010 T-303/05 AceaElectrabel v Commission
C 27/1999 (ex NN 69/1998) Tax exemption and privileged loans in favor of utilities with majority public shareholding
Joined cases:
C-71/09P C-73/09P C-76/09P
Comitato "Venezia vuole vivere" v Commission
Hotel Cipriani v Commission
Italgas v Commission
Italy Opinion
16.12.2010 Joined Cases: T-254/00, T-270/00 and T-277/00 Comitato Venezia Vuole Vivere v Commission of the European Communities
Commission Decision 2000/394/EC of 25 November 1999
2. General Court
Court case* Parties Country Type of
act Date Related case
Joined cases: T-231/06 and T-237/06
Netherlands v Commission
NOS v Commission
Press release
Netherlands Judgment
16.12.2010 C 2/2004 (ex NN 170a/2003) - Ad hoc financing of Dutch public broadcasters
European Economic Area Based on the Agreement on the European Economic Area (EEA), the EFTA States participating in the EEA have entrusted the EFTA Surveillance Authority and the EFTA Court with similar decision making powers to that of the Commission and the European Court of Justice, respectively, in the field of state aid for the EFTA States.
1. Decisions of the EFTA Surveillance Authority
Country Title/link to documents* Case number Objective Decision
date
Newly adopted decisions
State Aid Weekly e-News No 45/10 11
Norway Prolongation of the Norwegian Energy Fund scheme
Decision type
Press release
Press release
69072 Environmental aid
15.12.2010
Norway State aid to Kvalheim Kraft DA for Mehuken II wind park
Press release
Press release
68550 Environmental aid
15.12.2010
Norway State aid to Jæren Energi AS for Høg- Jæren wind park
Press release
Press release
68427 Environmental aid
15.12.2010
Norway State aid to Nordkraft Vind AS for phase II of the Nygårdsfjellet wind
Press release
Press release
68558 Environmental aid
15.12.2010
Norway State aid to Nord Trøndelag Elektrisitetsverk Energi AS for the
Press release
Press release
68553 Environmental aid
15.12.2010
Norway State aid to Norsk Miljø Energi AS for the Lista wind park
Press release
Press release
68556 Environmental aid
15.12.2010
Iceland State aid for the restoration of (old) Kaupthing Bank hf and the establishment and capitalisation of New Kaupthing Bank hf (now renamed Arion Bank hf)
Press release
Press release
69095 Financial crisis aid
15.12.2010
Iceland State aid granted in the restoration of (old) Landsbanki Islands hf and the establishment and capitalisation of New Landsbanki Islands (NBI hf)
Press release
Press release
69096 Financial crisis aid
15.12.2010
Iceland State aid granted in the restoration of (old) Glitnir Bank hf and the establishment and capitalisation of New Glitnir Bank hf (now renamed Islandsbanki)
Press release
Press release
69094 Financial crisis aid
15.12.2010
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Decisions published in the OJ
Iceland Sjóvá insurance company
OJ C 341 of 16.12.2010, p. 15 bg es cs da de et el en fr it lv lt hu mt nl pl pt ro sk sl fi sv
Deadline for comments*: 17.01.2011
68875 (Dec 373/10/COL)
Financial crisis aid
22.09.2010
Norway Formal investigation procedure with additional payments to Hurtigruten
OJ C 320 of 25.11.2010, p. 6 bg es cs da de et el en fr it lv lt hu mt nl pl pt ro sk sl fi sv
Deadline for comments*: 03.01.2011
68583 (Dec 325/10/COL)
Maritime transport aid
14.07.2010
Norway Formal investigation with regard to sale of certain buildings at the Inner Camp at Haslemoen Leir
OJ C 325 of 02.12.2010, p. 12 bg es cs da de et el en fr it lv lt hu mt nl pl pt ro sk sl fi sv
Deadline for comments*: 03.01.2011
67933 (Dec 96/10/COL)
Sale of Land and Buildings aid
24.3.2010
2. EFTA Court
- none- 3. State Aid New Legislation
4. Other EEA points of interest
- none -
Additional points of interest Studies and reports GDP per inhabitant in purchasing power standards: GDP per inhabitant in the Member States ranged from 44% to 271% of the EU27 average in 2009 In 2009, the Gross Domestic Product (GDP) per inhabitant in Luxembourg, expressed in purchasing power standards2 (PPS), was more than two and a half times the EU27 average, while the Netherlands recorded a level more than 30% above the average. Ireland, Austria and Denmark were between 20% and 30% above the EU27 average, while Sweden, Germany, Belgium, Finland and the United Kingdom were between 10% and 20% above average. Read more
TTiittllee//lliinnkkss ttoo ddooccuummeennttss CCaassee nnuummbbeerr DDeecciissiioonn ddaattee
Newly adopted guidelines
Prolongation of the Temporary Framework for state aid measures to support access to finance in the current financial and economic crisis
69078 15.12.2010
State Aid Weekly e-News No 45/10 13
First estimate for the third quarter of 2010: Euro area and EU27 employment stable, -0.2% in both zones compared with the third quarter of 2009 The number of persons employed in both the euro area (EA16) and the EU27 was stable in the third quarter of 2010 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the second quarter of 2010, employment grew by 0.1% in both zones. These figures are seasonally adjusted. Read more Miscellanea Competition: Commission appoints Kai Uwe Kühn as new chief competition economist The European Commission has appointed Professor Kai Uwe Kühn as new chief economist of the Directorate General for Competition. Professor Kühn holds a doctorate in economics from Oxford University and is currently an Associate Professor at the University of Michigan Read more Stricter financial regulation can help contain future asset bubbles and reduce macroeconomic imbalances As part of the effort to broaden macroeconomic surveillance, this Quarterly Report on the Euro Area investigates the extent to which financial supervisory and regulatory reform can help avoid future harmful credit and asset price booms, for instance in housing markets. Stricter financial supervision can help directly reduce risks to financial stability by keeping banks' leverage in check and by establishing more stringent lending standards. Further topics in this issue highlight the effect the crisis has had on cross-border banking integration in the euro area. Furthermore, the sovereign debt crisis of 2010 is shown to complicate the ongoing process of balance sheet repair. Finally, the freezing of interbank markets in 2008 has caused non-financial corporations to switch to greater bond issuance, thereby diversifying away from their traditional bank-based funding. Read more Next publication date: Friday 07.01.2011 Previous issues Subscription: If you wish to subscribe to “State Aid Weekly e-News” and receive it every Friday in your Inbox for free, please click here. To unsubscribe, please, use the same link. Please, note that the information requested under “Change personal details” is not compulsory. In order to complete the subscription it is sufficient to fill in the data requested under “Add subscription”. About e-News: This e-News is issued every week to present the latest developments in the area of State aid. It features information on new legislative texts and proposals, decisions of the European Commission and the Courts of the European Union and other state aid–related documents and events. A great deal of additional information on State aid matters is available on the Internet. It can be accessed through the Europa server: http://ec.europa.eu/competition/index_en.html Other documents related to the cases, can be found under the link to the State aid Register: http://ec.europa.eu/competition/state_aid/register/ Publisher: European Commission DG Competition Unit H-3 – State aid network, Transparency and Fiscal aid Chief Editor: Monique Negenman
State Aid Weekly e-News No 45/10 14
Editing team: Piotr Papieski, Helga van den Steen, Maria Auxiliadora Valpuesta Contreras, Marek Tóth, Souad Jemidar, Inkalotta Nuotio, Ulrich Diez. mailto: [email protected] Disclaimer: Neither the European Commission nor any person acting on behalf of the Commission is responsible for the completeness, accuracy of the information and the use which might be made of the information provided in this document. © European Union 2010. Reproduction is authorised, provided the source is acknowledged, save where otherwise stated. Where prior permission must be obtained for the reproduction or use of textual and multimedia information, such permission shall cancel the above-mentioned general permission and shall clearly indicate any restrictions on use.
