commiss decis februari state aid implement germani hoch und ingenieurbau gmbh hig notifi document number german text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof call interest parti submit comment pursuant provis cite procedur fax decemb regist commiss januari aid case nn germani inform commiss financi measur assist hoch und ingenieurbau gmbh gera hereinaft refer hig respons request inform commiss februari march juli germani repli letter march august letter septemb commiss inform germani decid initi procedur laid articl ec treati respect aid commiss decis initi procedur publish offici journal european commun commiss call interest parti submit comment case regist number comment receiv parti comment germani receiv novemb ii descript aid case concern financi measur restructur hig sme activ construct sector gera thuringia import econom data relat firm gt tabl gt restructur restructur place period restructur plan envisag shift activ profit area intern measur compris introduct flexibl work hour account control system utilis plant machineri restructur cost gt tabl gt financi contribut public author restructur april bundesanstalt für vereinigungsbedingt sonderaufgaben bv successor treuhond privatis agenc grant dem million consist grant restructur hig instal dem disburs januari juli land thuringia particip support hig mean defici guarante thüringer aufbaubank tab grant approv guarante scheme correspond contribut dem million cover loan credit form bank guarante aval deutsch kreditbank gera dkb amount dem million loan mention recit refinanc public resourc germani state refinanc approv aid scheme dem grant juli dem grant juli loan dem refinanc tab disburs juli germani state measur grant accord commiss notic de minimi rule state aid hig obtain invest allow dem approv invest allow scheme direct invest grant dem invest amount dem million grant germani cover sme invest safeguard scheme land thuringia scheme approv commiss financi contribut sourc preliminari assess germani contribut recipi extern commerci sourc interim financ loan sparkass gera amount dem cover period prior implement bv sme measur loan jointli secur investor knauth müller amount dem person liabil part investor amount dem respect loan credit form bank guarante avalrahmen provid dkb prior rank defici guarante credit line kontokorr dkb amount dem annual interest rate credit form bank guarante avalrahmen dem annual interest rate measur cover defici guarante decis workforc forgo christma allow period repres dem cash flow dem reason initi procedur decis initi formal investig procedur commiss classifi dem direct invest grant mention recit allegedli provid approv sme invest scheme ad hoc aid letter august germani explicitli rule applic scheme compani difficulti commiss express doubt compat aid common market interim financ loan dem sparkass gera regard extern commerci financ inform provid germani preliminari assess ambigu extent contribut secur cash flow dem regard contribut firm restructur exercis realis basi aid measur grant estim amount guarante decis workforc forgo christma allow regard contribut compani restructur employe investor compani investor person liabil regard extern commerci financ prior rank public defici guarante commiss view quot substanti quot liabil grant loan fall scope defici guarante investor person liabil contribut cover public defici guarante regard extern commerci financ contribut made refinanc public resourc preferenti term result aid element present contribut credit line dem regard extern commerci financ appear count commiss doubt proportion aid mean commun guidelin rescu restructur aid guidelin unclear recipi made contribut restructur resourc extern commerci financ iii comment present germani germani state repli direct invest grant allegedli made sme invest scheme land thuringia made juli commiss authoris extens scheme argu recipi contribut resourc extern commerci financ consid suffici mean guidelin person liabil investor account connect inform commiss capit amount dem financ investor account investor contribut dem interim financ loan sparkass gera argu grant market term regard collater provid made clear investor person liabl loan amount dem state loan grant half refer rate respect collater provid investor tab loan dem stress contrari previou commun consist person liabil assign claim asset mortgag compani premis regard investor person liabil prior rank public defici guarante germani disput guarante repres quot substanti quot liabil part loan collater provid part plan person liabil regard investor contribut loan cover public defici guarante involv subsidis interest rate claim interest rate correspond market rate loan grant firm difficulti investor regard solvent borrow refer rate appli measur regard dem credit line allegedli count germani claim amount credit line mistak fact financ compani cash flow cash flow financ restructur germani claim public measur work asset cash flow deriv primarili ongo busi activ workforc decis forgo christma allow germani argu compani regard recipi decis workforc reduc compani aid consid account contribut recipi restructur iv assess aid articl ec treati state aid grant state resourc undertak incompat common market aid distort threaten distort competit affect trade member state state aid inform interest subsidi contain tab refinanc loan dem fall scope commiss notic de minimi rule state aid requir assess decis financi measur germani assist recipi compani caught prohibit articl ec treati confer specif undertak econom benefit receiv market term measur constitut aid natur distort competit natur assist exist inter state trade common market sector recipi activ financi measur question fall scope articl commiss note inform defici guarante tab recit loan refinanc erp existenzgründungsprogramm recit invest allow recit cover approv scheme assess decis germani consid direct invest grant dem made accord approv sme invest scheme land thuringia extens commiss note extens scheme approv basi fact grant aid firm difficulti rule inform commiss assum measur question grant firm difficulti cover condit decis approv scheme measur regard ad hoc aid decis dem credit line dem credit form bank guarante avalrahmen dkb grant public resourc preferenti term differ actual cost market cost regard ad hoc aid decis actual annual interest rate dkb credit line comparison term actual market term commiss refer rate increas percentag point appli half measur grant refer rate actual interest rate percentag point increas refer rate interest premium percentag point regard ad hoc aid compon measur dkb credit form bank guarante avalrahmen conting liabil compar guarante loan basi inform commiss dispos conclud sme situat compar hig pai annual interest rate compar bank guarante avalrahmen market actual rate fall percentag point short normal market rate commiss consid amount repres annual interest rate subsidi percentag point inher measur ad hoc aid dem million grant interest free loan dem bv constitut measur hig obtain free charg commerci sourc assess ad hoc aid decis commiss note germani fail compli oblig articl ec treati aid unlaw formal point view necessarili incompat common market individu measur examin articl ec treati derog articl ec treati measur caught prohibit laid articl ec treati constitut exist aid incompat common market qualifi derog articl ec treati present case articl relev guidelin commiss laid condit favour exercis discret articl ec treati paragraph guidelin amend version appli case aid grant public present aid grant recipi public revis guidelin guidelin applic guidelin lai criteria authoris restructur aid restor viabil ii avoid undu distort competit iii proportion aid restructur cost benefit criteria assess detail decis initi procedur commiss conclus criteria met doubt criterion met guidelin state aid beneficiari expect make signific contribut restructur plan resourc extern commerci financ notion quot extern commerci financ quot interpret commiss practic equival financ market condit latest inform submit germani restructur cost dem million financ gt tabl gt germani take view recipi contribut resourc extern commerci financ amount compris measur refer point contribut respect measur point commiss note capit dem provid investor point regard contribut recipi regard interim financ loan dem point germani made clear repli decis initi procedur investor person liabl loan loan grant half refer rate grant limit bridg period month light specif circumst case commiss loan extern commerci contribut restructur relat germani comment cash flow point commiss hold posit express decis initi proceed cash flow regard contribut recipi directli indirectli gener grant aid measur exact amount guarante time restructur plan drawn commiss take view measur regard contribut recipi commiss share germani view workforc form part recipi mean paragraph iii guidelin contribut consid contribut recipi respect loan credit form bank guarante avalrahmen grant dkb total dem point commiss note part measur regard contribut recipi firstli note loan secur public defici guarante approv aid scheme repli decis initi proceed germani point total amount loan secur privat collater regard contribut recipi commiss take view public guarante meant bank assess risk default part loan risk cover state unquestion solvent debtor total amount cover public defici guarante consid aid note loan credit form bank guarante grant public author market term aid form interest subsidi differ reduc interest rate market interest rate regard aid germani argu amount remain deduct guarante interest subsidi regard contribut recipi commiss take view part measur consid grant market term cumul aid element extent contribut recipi contribut recipi extern commerci sourc amount dem hig sme assist area emploi peopl commiss practic date approv aid sme similar investor contribut case aid grant limit liquid effect prevent firm provid surplu cash aggres market distort behaviour vi vi competitor addit investor contribut restructur privat asset present case aid provid approv scheme dem million ad hoc aid dem million acquisit asset limit liquid effect addit bank loan credit grant compani dem dem secur person guarante investor prior rank public guarante investor commit restructur person asset reason commiss consid investor contribut consid signific mean guidelin aid meet condit paragraph iii guidelin aid proport restructur cost benefit conclus commiss find germani unlawfulli implement aid question breach articl ec treati note aid compli commun guidelin state aid rescu restructur firm difficulti compat articl ec treati adopt decis articl state aid germani implement hoch und ingenieurbau gmbh hig amount eur dem interest subsidi repres annual premium percentag point inher credit line eur dem percentag point inher credit form bank guarante avalrahmen eur dem deutsch kreditbank gera compat common market mean articl ec treati articl decis address feder republ germani brussel februari commiss mario monti member commiss oj footnot germani state measur earmark financ fix asset subsequ instal dem dem disburs septemb decemb bürgschaftsrichtlini der thüringer aufbaubank sg decemb erp existenzgründungsprogramm sg februari oj investitionszulag für die neuen bundesländ sg decemb amend sg april kmu investitionssicherungsprogramm de land thüringen sg novemb amend sg june footnot oj kmu investitionssicherungsprogramm de land thüringen sg novemb amend sg june footnot accord commiss notic method set refer discount rate oj footnot oj case khk verbindetechnik gmbh brotterod oj gmb magnet bitterfeld oj stahl und maschinenbau rostock oj draiswerk oj