Tag Archives: STATAID

State Aid: Commission proposes to reform state aid procedures and exempt certain categories of aid from prior notification

Posted on 6, December 2012 by

Brussels, 6-12-2012 — /europawire.eu/ — In the context of its State Aid Modernisation (SAM) initiative, the European Commission has adopted proposals to amend two Council Regulations governing EU state aid control. The reform of the Procedural Regulation of 1999 is aimed at focussing state … Read the full press release →

Posted in Belgium, European Union, Financial, Government, Law, Politics, Society

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State aid: Commission approves emergency rescue aid for Austrian bank Hypo Group Alpe Adria

Posted on 6, December 2012 by

Brussels, 6-12-2012 — /europawire.eu/ — The European Commission has temporarily approved, under EU state aid rules, an emergency recapitalisation totalling €1.5 billion that Austria intends to grant to Hypo Group Alpe Adria (HGAA). The bank needs the aid to comply with regulatory … Read the full press release →

Posted in Austria, Banks, Belgium, Business, European Union, Financial, Government, Law

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State aid: recapitalisation of Spanish banks – the Commission’s role under EU State aid control

Posted on 29, November 2012 by

Brussels, 29-11-2012 — /europawire.eu/ — Since the start of the financial crisis in October 2008, EU Member States have taken hundreds of measures in favour of financial institutions in order to preserve financial stability. Most of this support constitutes state aid in … Read the full press release →

Posted in Banks, Belgium, Business, European Union, Financial, Government, Law, Politics, Spain

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State aid: Commission endorses €1.56 billion compensation for Poste Italiane for public services delivered over 2009-2011

Posted on 22, November 2012 by

Brussels, 22-11-2012 — /europawire.eu/ — The European Commission has approved, under EU State aid rules, two compensations received by Poste Italiane for delivering two public services in the period 2009-2011, namely a compensation of €1.1 billion for the universal postal service and a … Read the full press release →

Posted in Belgium, European Union, Financial, Government, Italy, Law

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State aid: the Commission approves a new Spanish scheme for the early depreciation of assets acquired via finance leases

Posted on 22, November 2012 by

Brussels, 22-11-2012 — /europawire.eu/ — The European Commission has ruled that the new Spanish system for the early depreciation of the cost of certain assets acquired through finance leasing does not constitute state aid under EU rules, inter alia because it is not selective. Joaquín … Read the full press release →

Posted in Banks, Belgium, Business, European Union, Financial, Government, Law, Spain

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State aid: Commission clears UK umbrella support scheme for broadband investment ‘BDUK’

Posted on 22, November 2012 by

Brussels, 22-11-2012 — /europawire.eu/ — The European Commission has found that a UK umbrella support scheme for investments in next generation access (NGA) broadband networks, ‘BDUK’, is in line with EU state aid rules. In particular, the scheme is aimed at supporting local … Read the full press release →

Posted in Belgium, European Union, Financial, Government, Internet & Online, Law, Telecom, United Kingdom

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State aid: Commission extends in-depth investigation into Italian support measures in favour of former Tirrenia Group

Posted on 8, November 2012 by

Brussels, 8-11-2012 — /europawire.eu/ — The European Commission has extended the scope of an in-depth investigation opened in October 2011 into public support measures in favour of companies of the former Tirrenia Group (see IP/11/1157), namely Tirrenia di Navigazione, Caremar, Laziomar, Saremar, Siremar … Read the full press release →

Posted in Belgium, Business, European Union, Government, Italy, Law, Society

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State aid: Commission approves Cypriot bank guarantee scheme

Posted on 6, November 2012 by

Brussels, 6-11-2012 — /europawire.eu/ — The European Commission has authorised, under EU State aid rules, a Cypriot state guarantee scheme for credit institutions until 31 December 2012. The purpose of the scheme is to facilitate the access of eligible credit institutions to … Read the full press release →

Posted in Banks, Belgium, Cyprus, European Union, Financial, Government, Law, Society

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State aid: Commission investigates Italian measures reducing taxes and social contributions in areas affected by natural disasters

Posted on 22, October 2012 by

Brussels, 22-10-2012 — /europawire.eu/ — The European Commission has opened an in-depth investigation to examine whether Italian measures to reduce taxes and contributions due by companies in areas affected by natural disasters, mainly earthquakes and floods, are in line with EU … Read the full press release →

Posted in European Union, Financial, Government, Italy, Law

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State Aid: Commission clears creation of UK Green Investment Bank

Posted on 20, October 2012 by

19-10-2012 — /europawire.eu/ — The European Commission has concluded that public funding of 3 billion GBP (around €3.7 billion) granted by the United Kingdom (UK) for the creation of a bank investing in environmentally friendly projects, is in line with EU … Read the full press release →

Posted in Banks, Business, Environment, European Union, Financial, Government, Investment, Society, United Kingdom

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