commiss decis decemb state aid grant feder republ germani zeuro möbelwerk gmbh thuringia 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 letter date juli receiv juli germani inform commiss restructur zeuro möbelwerk gmbh letter juli octob april commiss request addit inform suppli letter septemb februari receiv april commiss receiv amend initi notif case discuss meet german author februari time notif aid grant articl ec treati infring commiss enter aid regist notifi aid measur letter date august commiss inform german author decid initi procedur laid articl respect aid commiss decis initi procedur announc offici journal european commun commiss call interest parti submit comment commiss receiv comment interest parti septemb procedur initi meet place german author commiss letter novemb receiv novemb german author suppli inform octob septemb german author commiss discuss case octob commiss ask inform outstand point german author suppli novemb descript undertak background zeuro möbelwerk gmbh zeuro furnitur manufactur base thuringia unemploy rate area german market account zeuro sale sale member state eastern europ inform suppli german author zeuro sme mean commun guidelin state aid small medium size enterpris commiss recommend ec april definit small medium size enterpris treuhandanstalt privatis agenc zeuro veb möbelkombinat zeulenroda convert zeulenroda möbel gmbh veb möbelkombinat zeulenroda plant emploi peopl firm privatis treuhandanstalt allow bankrupt treuhandanstalt found zeuro möbel gmbh berlin asset liabil main firm zeulenroda march movabl asset bulk liabil transfer privat firm furnica gmbh firm renam zeuro möbelwerk gmbh experienc sever liquid problem june thüringer industriebeteiligung gmbh und kg tib acquir zeuro entir share capit price dem liquid crisi firm acquir materi excess price employe cover product cost keen increas turnov check liquid situat custom rang contain unfashion product unabl sell evid suffer mismanag mr wohlfahrt appoint manag devis restructur plan intend solv firm problem februari capit increas share mr wohlfahrt start joint ventur lithuania evid involv hold zeuro transfer machineri servic monei german firm lithuania disappear fail implement restructur plan caus damag zeuro misappropri dem million damag caus lithuanian joint ventur resolut juli tib remov manag share confisc tib zeuro sole owner recent develop mr gumbel appoint manag restructur plan drawn mr wohlfahrt plan revis firm difficulti deriv factor lithuanian joint ventur firm requir suppli machineri servic exceed capac firm manufactur broad rang product rang homogen product account sale product sell product sold cost neg profit calcul cost properli conduct materi cost high transport cost high staff cost high short period number employe fell payrol begun expand restructur plan project total staff number employe fell initi rose addit staff joint ventur lithuania logist depart subsidiari set develop zeuro logist commiss inform matter employe independ consult work contract conclud mr wohlfahrt highli paid wage salari agre march high firm econom situat product process ineffici firm purchas vehicl mobil telephon firm accept complaint kind includ unjustifi cost estim dem million financi develop firm gt tabl gt firm made profit dem basi extraordinari receipt state aid dem restructur plan restructur measur suppli machineri servic dem million made firm lithuania zeuro sought enforc payment receiv respect good machineri sell hold firm product rang reduc price renegoti enabl product sold cost cover level materi cost reduc dem million purchas fewer materi transport cost reduc firm cheaper farm haulag oper hive subsidiari estim cost save dem million staff cost reduc dem million firm negoti work council wage work hour number employe reduc product process optimis cut job site build purchas rehabilit site bought dem million invest total dem million construct work dem million technic equip machineri number car mobil telephon reduc complaint system chang firm negoti potenti investor financ compani gt tabl gt firm receiv state fund total dem million dem million aid investor mr wohlfahrt paid firm departur person liabl privat investor contribut dem million made increas dem million nomin capit section dresdner bank loan cover state guarante measur amount dem million effect capac gt tabl gt product facil close product capac stood million piec annum zeuro plan increas capac manufactur basi remain capac product market furnitur industri largest process industri commun highli fragment sme plai import role furnitur sale fluctuat larg depend gener econom climat incom household recess begin industri show healthi growth begin furnitur manufactur resum upward trend fell product fell real term job lost industri europ job loss occur furnitur product rose demand expect increas posit impact industri futur assess aid amount measur list section measur constitut state aid caught articl ec treati confer advantag firm paid state resourc affect trade member state recipi firm oper market brisk cross border trade commun danger competit distort measur list section measur owner firm tib satisfi privat investor test explain section monei invest compani difficulti reliabl indic long term profit restor circumst privat investor invest commiss strengthen view fact repeat effort find investor prove fruitless measur constitut state aid aid firm repaid investor measur investor mr wohlfahrt invest dem million part provid equiti assist scheme eigenkapitalhilf part contribut mr wohlfahrt sum dem million grant equiti assist scheme investor amount paid firm remain mr wohlfahrt departur mr wohlfahrt firm liabl repay german author state aid grant accord equiti assist scheme länder notifi approv commiss aid measur scheme restrict sme initi procedur present case commiss express doubt zeuro class sme inform suppli german author zeuro sme time hold sme requir satisfi commiss approv equiti assist scheme made condit exist restructur plan design restor firm long term viabil german author told commiss exception loan grant scheme restructur firm difficulti germani event oblig appli commun guidelin state aid rescu restructur firm difficulti aid grant public commun guidelin accord point guidelin assess guidelin hereinaft guidelin thing guidelin requir viabl restructur programm submit put effect aid limit strict minimum need zeuro case restructur plan submit consid plan capabl restor firm viabil aid confin minimum aid firm measur tib measur tib own share zeuro firm grant sharehold loan dem million measur waiv repay dem million amount repay period remain dem million extend septemb tib increas nomin capit dem million inform suppli german author tib hold base scheme notifi approv commiss aid measur point commiss initi proceed respect measur ground properli appli commiss final decis case evid condit attach commiss earlier authoris scheme compli scheme firm receiv aid tib durat aid receiv aid scheme involv capit inject state fund equiti assist scheme erp hold programm zeuro receiv aid question equiti assist loan rule aid tib equiti assist offici grant investor firm question conclus settl firm case receiv addit aid form hold thuringia consolid fund loan tab measur caught provis scheme tib hold deem acquir authoris aid scheme class examin measur commiss authoris scheme tib provid capit firm difficulti condit restructur plan submit put effect restor firm profit restructur plan submit commiss plan return firm profit commiss approv scheme relat sole minor hold case major hold individu notif requir germani fail compli oblig articl ec treati aid unlaw formal ground remain compat common market measur tab measur commiss inform waiver repay oper loan dem billion fulli guarante land thuringia aid grant basi scheme notifi germani fail meet oblig notifi articl ec treati aid unlaw formal ground assess compat common market restructur measur measur tab grant guarante loan total dem million kfw erp loan dem million interest rate term year june kfw loan dem million interest rate term year loan dem million zeuro main bank dresdner bank interest rate term year june oper credit line dem million interest rate term year discount guarante letter credit cash subsidi kfw erp loan kfw loan state loan grant firm difficulti aid intens aid amount dem million measur dresdner bank loan credit line privat origin carri guarante tab amount aid amount dem million measur german author state guarante grant accord tab rule guarante bürgschaftsrichtlini notifi commiss approv novemb aid measur guarante grant commiss authoris tab guarante rule notifi aid measur regard cover scheme addit condit attach scheme evid compli rule guarante firm difficulti germani undertaken observ criteria laid guidelin tab guarante cover guarante rule class aid measur germani meet oblig notifi articl ec treati aid unlaw formal ground measur guarante grant land thuringia dem million dem million loan grant tab guarante rule commiss approv rule requir germani notifi case renew aid firm fresh financ due factor extern firm measur renew measur overcom repeat difficulti firm difficulti caus part firm fail implement restructur plan tab guarante notifi individu basi class aid measur measur bv measur bv grant guarante dem million furnica gmbh zeuro möbelwerk gmbh financ obtain purchas price furnica paid zeuro verwaltung gmbh own bv dem million loan provid deutsch bank dem million purchas price zeuro paid dem divert remain fund cover loss purchas price reduc dem measur dem million payment zeuro verwaltung gmbh debt dem million deutsch bank outstand bv payment dem million deutsch bank measur waiv recours zeuro respect guarante instruct zeuro verwaltung gmbh waiv claim rest unpaid purchas price dem million measur guarante bv furnica state aid measur commiss accept term treuhand scheme bv waiver recours zeuro respect guarante fresh aid measur reduct purchas price dem constitut state aid scope treuhand scheme loan guarante waiver claim rest purchas price amount dem million likewis state aid cover scheme sum assess restructur measur hold thuringia consolid fund measur hold dem million thuringia consolid fund commiss initi proceed consolid fund scheme aid measur nn ground properli appli commiss decid scheme compat event evid zeuro case condit commiss attach origin approv scheme compli commiss approv scheme condit financ consolid fund restructur plan submit restor profit firm mean order establish measur term scheme assess made restructur plan scheme continu financ restructur hold thuringia consolid fund regard authoris aid subject oblig notifi part aid paid amount dem million invest grant measur firm receiv grant twenti outlin plan joint feder govern länder scheme improv region econom structur aid measur scheme notifi commiss approv grant accord authoris scheme firm receiv grant invest allow act aid measur scheme notifi approv commiss invest grant scheme total dem million invest grant dem plan grant likewis accord invest allow act scheme grant staff cost measur commiss inform legal basi grant amount dem treat measur grant sale promot trade fair thuringia trade fair promot programm measur german author aid grant de minimi rule order fall de minimi rule total amount aid period year date aid grant exce eur ceil appli aid grant de minimi rule prevent recipi firm qualifi aid scheme approv commiss grant thuringia trade fair promot programm dem measur de minimi threshold inform suppli german author requir de minimi rule met measur scope rule aif grant measur commiss inform legal basi grant amount dem grant treat measur sme grant measur inform suppli grant amount dem million treat aid measur exempt commiss examin content aid measur compat common market exempt provid articl ec treati appli present case commiss note articl relev invok germani exempt articl ec treati commiss take view guidelin state aid research develop environment protect sme employ train applic zeuro locat region elig aid articl ec treati standard live abnorm low underemploy unemploy rate compar commun averag commiss take view present case articl consid main purpos aid promot develop disadvantag region restor firm difficulti profit articl commiss authoris state aid facilit develop econom activ provid aid advers affect trade condit extent contrari common interest view zeuro past loss held constitut firm difficulti mean commun guidelin state aid rescu restructur firm difficulti restructur aid authoris test set guidelin satisfi restructur restor long term viabil firm point guidelin undu distort competit point ii volum intens aid confin strict minimum cost greater benefit point iii aid kind issu grant restructur plan restor firm profit implement full restor viabil zeuro restructur plan design expect restor firm long term profit viabil reason time rule restructur aid grant restructur measur recit german author expect restor zeuro viabil financi forecast gt tabl gt commiss initi proceed doubt timescal provid restructur plan reason restructur oper began commiss point step rescu zeuro constitut oper measur envisag restructur plan fulli implement ad measur undertaken guarante firm long term viabil made situat wors commiss doubt restructur plan base realist assumpt measur plan stage implement restructur plan made depend investor found proceed initi german author put forward view matter fundament speak initi plan held manag seek correct deviat implement origin strategi kei point restructur plan reduct adapt product rang result measur respect cost materi reduc plan reduct staff ahead substanti cost incur result social legisl transport cost expens reduc zeuro manag convinc poor turnov figur recov product exhibit furnitur fair septemb octob german author conclud restructur plan origin plan adjust implement full german author tib made effort find investor success restructur plan hing investor found zeuro believ prospect stabilis long term viabil good guidelin state restructur plan forese movement suppli demand relev product market commiss take view zeuro restructur plan base realist assumpt true sale figur commiss consid restructur plan restor firm profit compris suffici precis market analysi german author argu zeuro prevent increas sale plan difficult situat furnitur market argument unsound restructur plan account forese market develop sale remain forecast figur gt tabl gt prospect growth furnitur industri bad industri recov recess middl fact zeuro unabl advantag develop increas sale confirm commiss assess restructur plan commiss take view particip privat investor essenti compon restructur plan effort tib fail find investor prepar commit financi zeuro commiss view proof right assess restructur plan year search encourag trend furnitur market privat investor found share german author estim viabil restructur plan prepar bear financi risk restructur oper commiss conclud requir long term viabil restor met distort competit restructur zeuro accompani measur prevent advers effect competitor aid contrari common interest qualifi exempt articl ec treati furnitur industri suffer overcapac oblig reduc capac zeuro fact increas capac reduc end provid plan commiss initi proceed express doubt measur caus undu distort trade investig firm problem show investor sold good cost current manag difficulti negoti term contractu oblig commiss ask interest parti observ observ receiv german author state sale take place price product cost comment conduct previou investor commiss rule possibl undu distort competit requir guidelin met aid proport cost benefit restructur amount intens aid limit strict minimum need enabl restructur undertaken relat benefit anticip commun point view reason investor requir make contribut restructur process resourc investor inject dem million compani figur dem million public fund investor contribut dem dem million privat loan carri state guarante privat contribut restructur amount dem million fund amount dem million provid german author figur includ aid grant firm investor share restructur cost amount tib effort fresh investor found tib continu hold entir share capit amount aid bear reason relat contribut made recipi requir aid reason relat cost benefit restructur satisfi conclus aid investor form equiti assist loan dem million term equiti assist scheme länder state aid measur restructur plan restor firm viabil aid treat aid measur requir guidelin compli test articl satisfi equiti assist loan dem million mr wohlfahrt incompat common market mean articl sharehold loan dem million grant tib zeuro increas dem million zeuro nomin capit contribut tib term state aid scheme treat restructur aid requir guidelin compli test articl satisfi sharehold loan dem million capit increas dem million incompat common market mean articl tab waiver repay oper loan dem million wholli guarante land thuringia term aid scheme class aid measur requir guidelin compli test articl satisfi tab waiver repay oper loan dem million wholli guarante land thuringia incompat common market mean articl kfw erp loan dem million kfw loan dem million likewis constitut restructur aid requir guidelin compli test articl satisfi kfw erp loan dem million kfw loan dem million incompat common market mean articl guarante loan total dem million term aid measur guarante cover kfw loan kfw erp loan incompat common market likewis loan privat origin amount dem million public loan guarante compris state aid dem million aid assess restructur aid requir guidelin compli test articl satisfi guarante loan total dem million incompat common market mean articl waiver zeuro verwaltung gmbh dem million claim purchas price reduct purchas price dem class restructur aid criteria guidelin met aid incompat common market requir guidelin compli test articl satisfi waiver zeuro verwaltung gmbh purchas price claim dem million reduct purchas price dem incompat common market mean articl bv waiver recours respect guarante dem million term treuhand scheme hold dem million thuringia consolid fund dem million paid term state aid measur nn requir guidelin met test articl satisfi hold dem million thuringia consolid fund dem million paid incompat common market mean articl invest grant dem million paid invest grant dem paid grant arrang commiss authoris cover authoris grant staff cost dem restructur measur requir guidelin compli test articl satisfi grant staff cost dem incompat common market mean articl grant dem thuringia trade fair promot programm cover de minimi rule aif grant dem aid measur requir guidelin compli test articl satisfi aif grant dem incompat common market sme grant dem million aid measur requir guidelin compli test articl satisfi sme grant dem million incompat common market measur class restructur aid authoris ensur long term viabil firm reason make contribut region develop qualifi exempt articl commiss observ germani inadmiss grant aid breach articl aid dem million grant germani mr wohlfahrt form equiti assist loan recov germani accord requir procedur german law aid dem million grant germani zeuro form recov accord requir procedur german law adopt decis articl state aid dem million grant germani investor mr wohlfahrt incompat common market state aid grant germani zeuro möbelwerk gmbh thuringia zeuro total dem million incompat common market tib sharehold loan dem million waiver tib repay sharehold loan dem million increas dem million nomin capit zeuro carri tib waiver tab repay oper loan dem million previous grant public loan grant kfw amount dem million guarante tab privat loan amount dem million tab loan dem million tab loan dem million wholli guarante land bv reduct purchas price dem waiver bv remaind purchas price amount dem million paid portion amount dem million hold thuringia consolid fund aif grant amount dem grant staff cost dem sme loan dem million state aid dem million germani intend grant form portion hold thuringia consolid fund paid incompat common market articl germani measur recov recipi aid refer articl unlawfulli made recoveri effect accord procedur nation law aid recov includ interest date dispos recipi date recoveri interest calcul basi refer rate calcul grant equival region aid articl germani inform commiss month notif decis measur compli articl decis address feder republ germani brussel decemb commiss mario monti member commiss oj footnot oj oj panorama eu industri chapter sg oj oj sg sg sg case state aid graf von henneberg porzellan gmbh ilmenau thuringia sg aid scheme nn sg commiss notic de minimi rule state aid oj