2009/610/EC: Commission Decision of 2 July 2008 on the measures C 16/04 (ex NN 29... (32009D0610)
2009/610/EC: Commission Decision of 2 July 2008 on the measures C 16/04 (ex NN 29/04, CP 71/02 and CP 133/05) implemented by Greece in favour of Hellenic Shipyards (notified under document C(2008) 3118) (Text with EEA relevance)
- COMMISSION DECISION
- of 2 July 2008
- on the measures C 16/04 (ex NN 29/04, CP 71/02 and CP 133/05) implemented by Greece in favour of Hellenic Shipyards
- (notified under document C(2008) 3118)
- (Only the Greek text is authentic)
- (Text with EEA relevance)
- (2009/610/EC)
- 1.
- PROCEDURE
- 2.
- PRIOR DECISIONS OF THE COMMISSION AND OF THE COUNCIL
- 3.
- ASSESSMENT OF HORIZONTAL ISSUES
- 3.1.
- Horizontal issue 1: Creditworthiness and access to the financial market between 1997 and 2002
- 3.1.1.
- Situation in 1997
- 3.1.2.
- Evolution from 1997
- 3.1.3.
- Intra-group analysis
- 3.2.
- Horizontal issue 2: Imputability of ETVA’s behaviour to the State
- 3.3.
- Horizontal issue 3: aid measures partially financing the military activities of HSY
- 4.
- THE MEASURES: DESCRIPTION, GROUNDS FOR INITIATING THE PROCEDURE, COMMENTS RECEIVED, ASSESSMENT AND CONCLUSION
- 4.1.
- Misuse of the investment aid endorsed in 1997 (measure P1)
- 4.1.1.
- Description of the measure
- 4.1.2.
- Grounds for initiating the procedure
- 4.1.3.
- Comments from interested parties
- 4.1.4.
- Comments from Greece
- 4.1.5.
- Assessment
- 4.1.5.1.
- Article 296 of the Treaty
- 4.1.5.2.
- Existence of a misuse of the aid
- 4.2.
- GRD 4,67 billion (EUR 13,72 million) loan granted in 1999 and covered by a State guarantee (measure P2)
- 4.2.1.
- Description of the measure
- 4.2.2.
- Grounds for initiating the procedure
- 4.2.3.
- Comments from interested parties
- 4.2.4.
- Comments from Greece
- 4.2.5.
- Assessment
- 4.2.5.1.
- Article 296 of the Treaty
- 4.2.5.2.
- Existence of aid
- 4.2.5.3.
- Compatibility of the aid
- 4.3.
- GRD 1,56 billion (EUR 4,58 million) loan granted in 1999 (measure P3)
- 4.3.1.
- Description of the measure
- 4.3.2.
- Grounds for initiating the procedure
- 4.3.3.
- Comments from interested parties
- 4.3.4.
- Comments from Greece
- 4.3.5.
- Assessment
- 4.3.5.1.
- Article 296 of the Treaty
- 4.3.5.2.
- Existence of aid
- 4.3.5.3.
- Compatibility of the aid
- 4.4.
- EUR 13,75 million loan granted in 2002 (measure P4)
- 4.4.1.
- Description of the measure
- 4.4.2.
- Grounds for initiating the procedure
- 4.4.3.
- Comments from interested parties
- 4.4.4.
- Comments from Greece
- 4.4.5.
- Assessment
- 4.4.5.1.
- Article 296 of the Treaty
- 4.4.5.2.
- Existence of aid
- 4.5.
- Misuse of the GRD 54 billion (EUR 160 million) aid authorised in 1997 (measure E7)
- 4.5.1.
- Description of the measure
- 4.5.2.
- Grounds for initiating the procedure
- 4.5.3.
- Comments from interested parties
- 4.5.4.
- Comments from Greece
- 4.5.5.
- Assessment
- 4.5.5.1.
- Article 296 of the Treaty
- 4.5.5.2.
- Implementation of the investment plan
- 4.5.5.3.
- Prohibition of ‘further operating aid for restructuring purposes’
- 4.5.5.4.
- Non payment of the purchase price
- 4.5.5.5.
- Justification for the procedural choice of the Commission
- 4.6.
- Misuse of the EUR 29,5 million closure aid authorised in 2002 (measure E8)
- 4.6.1.
- Description of the measure
- 4.6.2.
- Grounds for initiating the procedure
- 4.6.3.
- Comments from interested parties
- 4.6.4.
- Comments from Greece
- 4.6.5.
- Assessment
- 4.6.5.1.
- Article 296 of the Treaty
- 4.6.5.2.
- Existence of a misuse of the aid
- 4.7.
- Capital injection of GRD 8,72 billion (EUR 25,6 million) by the Greek State or ETVA in 1996–1997 (measure E9)
- 4.7.1.
- Description of the measure
- 4.7.2.
- Grounds for initiating the procedure
- 4.7.3.
- Comments from interested parties
- 4.7.4.
- Comments from Greece
- 4.7.5.
- Assessment
- 4.7.5.1.
- Article 296 of the Treaty
- 4.7.5.2.
- Existence of aid
- 4.7.5.3.
- Compatibility with the common market
- 4.8.
- Capital increase in 1998–2000 to finance the investment plan (measure E10)
- 4.8.1.
- Description of the measure
- 4.8.2.
- Grounds for initiating the procedure
- 4.8.3.
- Comments from interested parties
- 4.8.4.
- Comments from Greece
- 4.8.5.
- Assessment
- 4.8.5.1.
- Article 296 of the Treaty
- 4.8.5.2.
- Existence of aid
- 4.8.5.3.
- Compatibility with the common market
- 4.9.
- State counter guarantee in relation to HSY’s contracts with OSE and ISAP (measure E12b)
- 4.9.1.
- Description of the measure
- 4.9.2.
- Grounds for initiating the procedure
- 4.9.3.
- Comments from interested parties
- 4.9.4.
- Comments from Greece
- 4.9.5.
- Assessment
- 4.9.5.1.
- Article 296 of the Treaty
- 4.9.5.2.
- Existence of aid
- 4.9.5.3.
- Compatibility with the common market
- 4.10.
- Deferment/rescheduling of obligations and waiver of penalties owed to OSE and ISAP (measure E12c)
- 4.10.1.
- Description of the measure
- 4.10.2.
- Grounds for initiating the procedure
- 4.10.3.
- Comments from interested parties
- 4.10.4.
- Comments from Greece
- 4.10.5.
- Assessment
- 4.10.5.1.
- Article 296 of the Treaty
- 4.10.5.2.
- Existence of aid
- 4.11.
- Loan of ETVA to finance the Strintzis contract (measure E13a)
- 4.11.1.
- Description of the measure
- 4.11.2.
- Grounds for initiating the procedure
- 4.11.3.
- Comments from interested parties
- 4.11.4.
- Comments from Greece
- 4.11.5.
- Assessment
- 4.11.5.1.
- Article 296 of the Treaty
- 4.11.5.2.
- Existence of aid
- 4.11.5.3.
- Compatibility with the common market
- 4.12.
- Guarantee of ETVA in relation to the Strintzis contract (measure E13b)
- 4.12.1.
- Description of the measure
- 4.12.2.
- Grounds for initiating the procedure
- 4.12.3.
- Comments from interested parties
- 4.12.4.
- Comments from Greece
- 4.12.5.
- Assessment
- 4.12.5.1.
- Article 296 of the Treaty
- 4.12.5.2.
- Existence of aid
- 4.12.5.3.
- Compatibility with the common market
- 4.13.
- State guarantee securing a GRD 10 billion (EUR 29,3 million) loan (measure E14)
- 4.13.1.
- Description of the measure
- 4.13.2.
- Grounds for initiating the procedure
- 4.13.3.
- Comments from interested parties
- 4.13.4.
- Comments from Greece
- 4.13.5.
- Assessment
- 4.13.5.1.
- Article 296 of the Treaty
- 4.13.5.2.
- Existence of aid
- 4.13.5.3.
- Compatibility with the common market
- 4.14.
- Loans granted by ETVA in 1997 and 1998 (measure E16)
- 4.14.1.
- Description of the measure
- 4.14.2.
- Grounds for initiating the procedure
- 4.14.3.
- Comments from interested parties
- 4.14.4.
- Comments from Greece
- 4.14.5.
- Assessment
- 4.14.5.1.
- Article 296 of the Treaty
- 4.14.5.2.
- Existence of aid
- 4.14.5.3.
- Compatibility with the common market
- 4.15.
- Cross-subsidisation between military and civil activities until 2001 (measure E17)
- 4.15.1.
- Description of the measure
- 4.15.2.
- Grounds for initiating the procedure
- 4.15.3.
- Comments from interested parties
- 4.15.4.
- Comments from Greece
- 4.15.5.
- Assessment
- 4.15.5.1.
- Article 296 of the Treaty
- 4.15.5.2.
- Existence of aid
- 4.15.5.3.
- Compatibility with the common market
- 4.16.
- Indemnifying clause in favour of HDW/Ferrostaal in the case where aid would be recovered from HSY (measure E18c)
- 4.16.1.
- Description of the measure
- 4.16.2.
- Grounds for initiating the procedure
- 4.16.3.
- Comments from interested parties
- 4.16.4.
- Comments from Greece
- 4.16.5.
- Assessment
- 4.16.5.1.
- Article 296 of the Treaty
- 4.16.5.2.
- Existence of aid
- 4.16.5.3.
- Compatibility with the common market
- 4.16.5.4.
- Per se prohibition of the guarantee
- 5.
- CONCLUSION
- 5.1.
- Necessity to ensure that the reimbursement of the aid, which has benefited the civil activities of HSY, is not partially financed by the military activities
- Article 1
- Article 2
- Article 3
- Article 4
- Article 5
- Article 6
- Article 7
- Article 8
- Article 9
- Article 10
- Article 11
- Article 12
- Article 13
- Article 14
- Article 15
- Article 16
- Article 17
- Article 18
- Article 19
- Article 20
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