commiss decis novemb aid scheme implement germani thuringia consolid programm 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 articl ec treati procedur rule govern thuringia consolid programm hereinaft refer rule enter forc juli thuringian author view rule compli de minimi provis introduc commun guidelin state aid small medium size enterpris hereinaft refer sme guidelin notifi articl ec treati januari rule replac thuringia loan programm small medium size enterpris letter date januari ref sg commiss inform germani decid initi procedur laid articl ec treati respect aid scheme commiss decis initi procedur publish offici journal european commun commiss call interest parti submit comment scheme receiv comment interest parti letter date march germani request extens deadlin submit comment commiss grant letter date march germani comment letter date march august august germani submit final comment letter novemb descript measur titl legal basi aid grant public sector thüringer aufbaubank thuringia reconstruct bank act behalf thuringia ministri econom affair transport basi section land budget order accord rule thuringia consolid programm recipi rule direct small medium size enterpris sme defin quot turnov quot quot employe quot criteria quot independ quot criterion set sme guidelin includ firm administ treuhandanstalt elig aid foodstuff industri expressli provid point rule recipi sensit sector steel shipbuild synthet fibr motor industri agricultur fisheri transport coal industri exclud except case decis relev minist aid grant firm exce turnov employe threshold laid sme guidelin durat rule thuringia consolid programm enter forc juli unlimit period replac januari thuringia loan programm small medium size enterpris object aid grant thüringer aufbaubank form soft loan paid recipi firm main bank primari risk main bank receiv guarante amount loan rule provid fee thüringer aufbaubank main bank charg process fee amount loan rule direct firm liquid profit problem design reschedul short term indebted subsidis rate reschedul expens thüringer aufbaubank rule loan grant condit firm submit viabl consolid plan take account reschedul loan make profit restor long term basi plan firm consolid requir exist liquid profit problem contribut recipi main bank make loan grant twelv year interest rate grace period year relev minist approv except condit intens point rule natur scope amount payment refer expressli aid de minimi natur word rule amount aid result interest rate advantag calcul basi differ effect interest rate accept refer rate account aid element result guarante special risk statu recipi firm direct limit amount loan amount aid grant firm aid element result soft loan exce de minimi threshold laid sme guidelin letter germani date decemb total loan amount dem million grant loan foodstuff industri cumul public financi aid grant firm declar appli loan ground initi procedur procedur initi ground rule direct firm difficulti appli de minimi provis account aid intens result guarante special difficulti recipi firm rule aim firm difficulti de minimi amount exceed commiss view relev commun guidelin appli sensit sector exclud rule de minimi provis appli sector special provis exist reason rule case appli de minimi threshold de minimi scope exceed constitut state aid mean articl ec treati articl grant implement unlawfulli clear object word rule scheme devis firm difficulti germani contest interpret argu loan grant main bank primari risk deduct guarante bank risk event germani residu risk cover guarante argu bank prepar grant loan firm difficulti suffici guarante bank secur argument consid sound reason firm difficulti exclud scheme ident circumst similar case thuringia loan programm sme firm difficulti found receiv aid scheme reschedul liabil firm difficulti main bank financi institut commiss view reschedul liabil firm difficulti rule case consider reduc risk bank origin expos commiss view rule direct firm difficulti assess base applic provis rescu firm difficulti possibl formal exclud rule realiti establish practic make precondit compat common market rescu aid grant form public loan market term form state guarante privat sector loan condit met case point loan question soft loan rescu aid grant commiss doubt compat rule common market rule concern restructur firm difficulti commiss practic date requir main condit compat submiss implement restructur plan capabl restor long term viabil firm limit aid strict minimum requir signific contribut recipi firm sharehold complianc special rule govern sensit sector requir principl notif individu case individu notif aid larg firm restructur aid grant unforeseen circumst compani respons rule requir individu notif aid larg firm prohibit repeat restructur aid includ special rule sensit sector limit aid amount minimum achiev object grant restructur aid concern commiss doubt compat rule common market comment germani contrari decis initi proceed germani put number consolid loan grant period amount total eur million figur mention decis initi proceed includ germani loan grant thuringia loan programm sme programm subject proceed case nn germani agre commiss aid intens calcul basi aid element contain soft loan reason earli german author aid element guarante account case firm difficulti consolid loan grant sensit sector germani consid loan thuringia consolid programm grant accord commun sme guidelin forc time germani view special aid rule contain commun guidelin state aid connect invest process market agricultur product applic applic pursuant commiss decis ec state aid process market german agricultur product grant basi exist region aid scheme consequ special rule appli food tobacco industri sensit sector consider grant loan germani contest commiss view main bank risk reduc reschedul liabil firm difficulti liabil part main bank constitut genuin risk part loan transfer privat bank main bank primari risk reschedul main bank exist loan commit thüringer aufbaubank liabil possibl reschedul exist loan commit firm main bank liabil part thüringer aufbaubank rule germani acknowledg comment thuringia consolid programm direct viabl firm firm difficulti provid aid intens loan take account de minimi aid remain de minimi ceil consid rule compat de minimi provis germani provid commiss letter august novemb list consolid loan grant individu list show loan grant firm difficulti show loan grant firm sensit sector agricultur germani letter decemb loan made firm foodstuff industri clear document provid germani criteria defin sensit sector agricultur firm difficulti assess measur exist state aid financi payment firm alter condit competit extent aid percept impact trade competit member state background notif requir articl ec treati appli aid exce absolut maximum amount de minimi aid fall scope articl ec treati definit commiss understood de minimi aid set sme guidelin scope de minimi provis defin point guidelin payment eur firm respect broad type expenditur invest train year period payment aid eur respect type expenditur scheme amount aid firm receiv respect type expenditur year period limit figur longer consid notifi articl articl ec treati express condit grant decis scheme aid firm receiv respect type expenditur sourc scheme total aid receiv eur limit made clear point de minimi facil sensit sector steel shipbuild synthet fibr motor industri agricultur fisheri transport coal industri commiss notic de minimi rule state aid amend de minimi provis sme guidelin ceil aid cover de minimi rule set eur year period begin de minimi aid grant ceil appli type public assist consid de minimi aid affect possibl recipi obtain aid scheme approv commiss provis appli industri cover ecsc treati shipbuild transport aid expenditur connect agricultur fisheri articl commiss regul ec januari applic articl ec treati de minimi aid extend scope de minimi rule albeit exclus aid grant transport sector activ link product process market product list annex ec treati similarli regul appli aid export relat activ aid directli link quantiti export establish oper distribut network current expenditur link export activ lastli aid conting domest import good exclud scope regul articl regul stipul total de minimi aid grant enterpris exce eur period year ceil appli irrespect form aid object pursu regul ec enter forc februari rule examin appli juli januari question aris commiss purpos decis appli regul retroact financi assist paid enter forc de minimi rule sme guidelin forc relev period account consecutio legi commiss regul ec applic assess aid grant entri forc word rule applic previou case event subject control mechan articl commiss reach conclus absenc express provis regul ec appli de minimi aid grant entri forc thing regul exempt categori measur notif requir procedur regul appli immedi pend proceed applic regul line underli object procedur simplif decentralis respect aid caught regul elig exempt basi commiss account provis forc aid grant regul principl gener de minimi predecessor appli event case aid concern exempt regul gener legal principl legitim expect legal certainti suitabl account econom standpoint commiss take view financi measur class aid mean articl ec treati regul ec forc todai integr market past rise aid integr market base assess financi measur regul ec rule possibl provis forc time measur implement appli provid measur concern exempt regul ec proceed initi cover rule issu case applic fall scope regul ec relev de minimi provis case fall scope regul relev de minimi provis cumul aid led de minimi ceil exceed aid transport sector activ relat manufactur process market good list annex ec treati exclud scope regul ec previou de minimi provis commiss take view consolid loan grant foodstuff industri fall scope regul ec de minimi provis grant manufactur good list annex ec treati class sensit agricultur sector germani argument special aid rule contain commun guidelin state aid connect invest process market agricultur product applic immateri special rule affect scope de minimi provis commiss view residu scope regul ec relev previou de minimi provis exceed failur account aid element contain guarante grant consolid loan ceil laid regul de minimi provis exceed rule offer assur de minimi ceil eur period year laid articl regul ec previous applic ceil compli instanc guarante compli rule appli firm difficulti involv high risk default commiss view beneficiari rule exclus larg firm difficulti purpos differenti firm difficulti firm commiss includ explan meant firm difficulti point commun guidelin state aid rescu restructur firm difficulti hereinaft refer guidelin definit essenti confirm commiss decis make practic preced year eighth report competit polici publish recit definit firm difficulti commiss guidelin firm quot unabl recov resourc rais fund sharehold borrow typic symptom deterior profit increas size loss diminish turnov grow inventori excess capac declin cash flow increas debt rise interest charg low net asset acut case compani insolv liquid quot word point rule object aid intend firm experienc liquid profit problem result difficult financi earn posit commiss interpret firm event includ recoveri meet definit firm difficulti germani argu event guarante call main bank liabil possibl risk part main bank cover liabil public sourc main bank risk repres incent lender carri proper check borrow creditworthi reduc risk default argument convinc evid consolid programm appli firm difficulti word specif purpos rule grant consolid loan guarante firm financi difficulti likelihood recipi firm difficulti reduc risk main bank ran grant aid firm difficulti mean rule word rule commiss take view advantag main bank case firm difficulti particip grant loan rule grant consolid loan improv liquid recipi firm reduc risk default loan previous grant main bank fact make econom sens bank reduc high risk default respect exist loan ensur fund made firm restructur true risk partli assum state individu list germani aid grant disburs rule show firm difficulti assist germani acknowledg comment thuringia consolid programm direct viabl firm firm difficulti aid element guarante account calcul loan aid intens bear mind risk default case firm difficulti assess affect germani statement comment german author earli aid element guarante risk involv grant loan firm difficulti account calcul aid intens commiss accept argument back letter member state point view guarante state fell scope articl ec treati german author grant guarante firm face liquid difficulti doubt measur involv aid notifi measur contain scheme good time commiss order give opinion matter commiss notic applic articl ec treati state aid form guarante cash grant equival loan guarante year calcul grant equival soft loan interest subsidi repres differ market rate rate obtain state guarante premium paid deduct differ outstand sum guarante multipli risk factor probabl default premium paid guarante sum risk premium calcul object justifi gener accept method confirm commiss long held view time loan decis probabl borrow unabl pai evid high intens aid equival sum secur guarante aid element guarante case viabl firm result de minimi ceil exceed commiss view rule applic involv aid mean articl ec treati fall scope regul ec fall scope regul exce de minimi ceil appli respect de minimi provis forc time measur implement appli firm difficulti rule allow recipi firm receiv privat bank financi resourc view financi situat receiv privat credit institut basi loan term appli financi resourc made recipi firm avoid forc market firm forc market exist overcapac reduc market share made acquir competitor case improv profit consolid loan preclud loan grant firm produc good provid servic subject intra commun trade assum financi measur concern proceed liabl affect trade member state viabl firm obtain financ privat bank term offer improv market posit vi vi competitor common market result work capit loan provid appli viabl firm oper sensit sector commun market sensit sector face overcapac financi advantag confer specif firm consolid loan led posit strengthen vi vi competitor result trade member state affect rule distort threaten distort competit commiss conclud rule applic constitut state aid mean articl ec treati firm involv intra commun trade basi argument present germani commiss take view privat bank lender profit grant consolid loan manner distort competit commiss notic applic articl ec treati state aid form guarante commiss assum state guarante post respect loan financi oblig enter term loan financi oblig adjust guarante loan pai back guarante loan credit institut aid lender secur loan increas word point rule firm exist liquid problem resolv mean reschedul short term indebted basi soft loan germani comment reschedul main bank exist loan commit thüringer aufbaubank liabil mean guarante post thüringer aufbaubank respect loan financi oblig enter guarante loan pai back guarante loan credit institut main bank exist loan commit reschedul liabil part thüringer aufbaubank rule element aid lender mere fact stabilis firm difficulti benefit creditor accept consequ aid repres aid mean articl ec treati creditor law aid commiss regret grant aid germani act breach articl ec treati compat aid common market scope applic regul ec relev de minimi provis exceed commiss assess rule assumpt direct viabl firm firm difficulti aid grant firm difficulti constitut restructur rescu aid defin commiss eighth report competit polici publish guidelin confirm guidelin adopt aid grant viabl firm constitut oper aid mean commiss commun region aid system commiss commun method applic articl region aid commun confirm guidelin nation region aid compat rule examin light relev provis applic restructur firm difficulti involv note accord commiss practic guidelin criteria met precondit compat aid common market submiss implement restructur plan capabl restor long term viabil firm signific contribut recipi firm sharehold limit aid strict minimum requir complianc special rule govern sensit sector requir principl notif individu case individu notif aid larg firm restructur aid grant unforeseen circumst compani respons rule aid grant condit firm submit viabl consolid plan take account reschedul loan made profit restor long term basi plan firm consolid requir exist liquid profit problem contribut recipi main bank make extent plan satisfi condit rule met criteria list word rule prohibit repeat grant restructur aid limit amount aid strict minimum requir achiev object germani criteria account grant aid rule provid individu notif aid larg firm requir complianc special rule sensit sector commiss find extent rule provid restructur aid firm difficulti aid compat common market rescu firm difficulti involv note establish polici respect make precondit compat common market rescu aid grant form public loan market term form state guarante privat sector loan condit met case point loan question soft loan extent provis rescu aid rule involv aid incompat common market loan grant econom viabl firm constitut oper aid assess commiss light provis region aid appli rule thuringia assist area articl articl ec treati commiss commun region aid allow commiss exception approv type oper aid assist area view difficulti face condit aid limit time design overcom structur handicap firm locat articl region contribut durabl balanc econom develop give rise sector overcapac commun level result commun sector problem origin region problem context sector approach requir commun rule guidelin applic sector industri steel shipbuild synthet fibr textil cloth agricultur industri firm involv process agricultur product observ commun rule guidelin oper aid grant sector concern aid grant accord rule aid firm difficulti addit commiss develop practic requir aid degress word rule limit time januari rule replac thuringia loan programm turn end june commiss conclud durat rule issu proceed end object rule make easier privatis firm firm oper time condit market economi region lag develop term particip fulli singl market commiss practic requir aid contribut balanc econom develop give rise sector overcapac sensit sector exclud receiv oper aid rule provid aid degress measur question incompat common market time applic practic part commiss fulli develop case eastern germani earli year german unif commiss insist aid degress uncertain develop situat rule enabl aid grant viabl firm sensit sector oper aid consist commiss practic time compat common market rule incompat common market aid viabl firm sensit sector involv commun rule guidelin applic sensit sector prohibit grant oper aid viabl firm commiss take view exempt articl ec treati appli case rule pursu aim list germani claim exempt appli commiss conclud guidelin assess aid rescu restructur firm difficulti special provis aid horizont object pursuant articl ec treati applic rule pursu special object germani argu case commiss view aid equal intend promot import project common european interest remedi disturb economi member state promot cultur heritag conserv commiss conclud articl articl ec treati appli rule individu case cover rule subject formal investig proceed articl ec treati decis appli conclus aid scheme unlaw aid exceed scope regul ec caught regul exceed scope applic de minimi provis forc time scheme implement grant unlawfulli aid scheme incompat common market rescu aid grant subsidis interest rate de minimi scope restructur aid grant restrict minimum rule repetit requir notif restructur aid larg firm difficulti individu case sensit sector rule aid viabl firm sensit sector applic rule scope regul ec relev de minimi provis firm difficulti respect oper aid viabl firm sensit sector incompat common market rule compat common market oper aid viabl firm sensit sector commiss long establish practic requir recoveri aid recipi aid articl ec treati unlawfulli grant incompat provid aid cover de minimi provis practic confirm articl council regul ec march lai detail rule applic articl ec treati articl regul requir member state measur recov aid beneficiari clarifi number case recoveri requir commiss consid germani draw list firm cover scope regul ec adopt decis articl rule govern thuringia consolid programm hereinaft refer rule establish state aid mean articl ec treati rule establish state aid payment fall scope regul ec case scope de minimi provis forc time rule implement combin de minimi aid exce relev de minimi ceil regul ec relev de minimi provis rule establish aid mean articl ec treati payment firm involv produc good provid servic intra commun trade extent rule caught articl involv unlaw aid articl rule establish oper aid viabl firm sensit sector compat common market articl rule establish oper aid firm sensit sector incompat common market fall scope articl ec treati articl rule establish rescu restructur aid firm difficulti incompat common market fall scope articl ec treati articl decis appli case cover rule subject commiss proceed final commiss decis germani draw list case concern articl germani measur recov beneficiari aid refer articl unlawfulli made recoveri effect delai accord procedur nation law provid effect execut decis aid recov includ interest date dispos beneficiari date recoveri interest calcul basi refer rate calcul grant equival region aid articl germani implement decis draw list firm concern fall sector scope regul ec aid element contain guarante de minimi aid grant relev period includ receiv aid exceed ceil laid regul implement decis germani draw list firm difficulti assist rule caught regul ec criteria classif base connect germani devis method identifi aid element guarante implement decis draw list firm assist rule caught regul ec involv produc good provid servic intra commun trade criteria appli articl germani inform commiss month notif decis measur compli articl decis address feder republ germani brussel novemb commiss mario monti member commiss thüringer staatsanzeig oj oj oj oj oj footnot oj oj guidelin enter forc public offici journal european commun decis ec commiss found nation aid scheme germani incompat common market mean articl ec treati compli guidelin measur state aid connect invest process market agricultur product commun germani letter sg octob oj notifi aid paragraph commun guidelin state aid rescu restructur firm difficulti notic member state includ propos measur oj lai commiss examin compat common market rescu restructur aid grant authoris breach articl ec treati basi guidelin forc time aid grant commiss assess rule basi decis make practic set eighth report competit polici publish basi guidelin commiss letter member state sg april oj point guidelin appli extent consist special rule sensit sector time question special aid rule agricultur fisheri steel shipbuild textil cloth synthet fibr motor industri transport coal industri agricultur sector altern guidelin special commiss rule rescu restructur aid appli individu recipi discret member state concern point guidelin oj oj oj oj definit appli commiss refer provis examin aid viabl firm light commun method applic articl region aid assess affect applic guidelin nation region aid footnot replac de minimi loan programm appear prima faci compli de minimi provis applic applic exempt articl ec treati commiss refer court justic rule septemb case germani commiss publish section german incom tax law oj