commiss decis decemb aid grant republ austria erge textilwerk gmbh notifi document number german text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement establish european econom area articl thereof notic parti concern accord articl ec treati submit comment regard comment procedur letter date june austrian author notifi commiss rescu aid erge textilwerk gmbh schrem austria quot erge quot propos aid form guarante feder govern provinc lower austria oper loan at million ecu million letter date novemb austria notifi capit inject sharehold at million ecu million convert equiti capit sharehold state own gesellschaft de bund für industriepolitisch maßnahmen gmbh vienna quot gbi quot gbi carri capit inject commiss decis commiss view capit inject possibl constitut state aid restructur plan case classifi unnotifi aid decemb commiss approv rescu aid number nn period juli end austrian govern inform commiss decis letter date januari notic effect publish offici journal european commun letter date decemb austrian author notifi restructur aid letter date januari commiss request addit inform austrian author provid letter date march letter date april commiss request inform receiv usual period work dai june commiss offici discuss matter brussel repres austrian author letter date june austrian author provid background inform gbi addit inform request april receiv austria inform commiss fax juli notif letter date august commiss inform austria decis initi proceed articl ec treati reach conclus date austria prove restructur measur absolut state aid limit strict minimum requir commiss want erge receiv restructur aid found gbi capit inject at million ecu million month durat rescu measur possibl constitut extens rescu aid gbi measur need examin close accord judgment court justic european commun april join case feder republ germani pleuger worthington commiss commiss issu interim decis requir austria provid document inform data order examin compat aid common market commiss decis publish offici journal european commun request interest parti submit comment comment receiv detail descript aid measur restructur measur notifi austrian author feder govern provinc lower austria plan provid end year guarante oper loan at million ecu million feder govern provincc lower austria intend share guarante proport third guarante free charg erge feder govern provinc lower austria plan provid loan at million ecu million share proport third loan interest redempt free grace period year period year loan repaid repay term condit interest rate line erp fund guidelin loan at million ecu million grant erge decemb ministri labour health social affair provinc lower austria intend waiv interest payment firm prove workforc employe period waiv repay amount loan annual at million ecu million annum austria confirm firm group receiv aid austria inform commiss gbi wish increas payment account respect subsequ equiti capit increas at million ecu million at million ecu million austria notifi measur pursuant articl ec treati view activ gbi caught articl ec treati opinion interest parti letter date octob british apparel amp textil confeder fulli agre commiss measur austria posit letter date septemb austria commun inform restructur measur question request commiss decis initi proceed austria supplement restructur plan austria provid inform equiti capit liabil balanc sheet forecast inform explain detail austria provid inform invest carri plan individu invest project detail relat develop fix asset erge product capac austria view individu invest project restor firm viabil austria provid date list restructur cost includ oper financi restructur measur updat list restructur measur austria present cash flow calcul view show total amount aid imit amount restor erge viabil austria provid evid subsidis loan at million ecu million feder ministri labour health social affair provinc lower austria plan invest aid invest cost substanti detail austria measur gbi present case gener approach view gbi act privat investor activ constitut state aid mean articl ec treati lastli austria commun calcul gbi base decis erge austria view calcul account high risk particip concern prove gbi expect huge advantag invest assess commiss examin case basi inform provid austria letter septemb aid recipi erge group establish edwin rössler kg sonthofen germani erge locat waldviertel region accord decis efta surveil author assist area mean articl ec treati septemb rössler kg appli intiat bankruptci proceed erge involv insolv proceed subsequ manag director erge textilwerk gmbh german parent compani share part asset manag bui larg financ borrow fund unsuccess juli state own gbi erge share at erge emploi averag person turnov at million ecu million balanc sheet total at million ecu million firm stake loana roznov czech republ oper site workforc figur erge hold share market compani erge gmbh germani employe erge ag kronbühl switzerland employe commiss recommend april definit small medium size enterpris sme erge larg enterpris classifi sme erge subsidiari oper textil industri austria erge produc stock knitwear czech subsidiari produc sock stock medic rubberis stock children cloth erge regist loss normal busi activ at million ecu million turnov at million ecu million end neg equiti capit amount at million ecu million time austria notifi restructur rescu aid erge compani difficulti activ gbi gbi establish feder govern public monei oper state resourc term austrian law compani limit liabil acquisit subsidiari acquisit erge requir agreement gbi supervisori board owner gbi feder govern appoint member supervisori board clear influenc part state gbi decis make erge oper market appar suffer overcapac lastli gbi particip erge accompani notifi rescu reconstruct aid accord year investig practic commiss examin gbi activ constitut state aid gbi main task ail firm restor long term viabil sell gbi emphasis project examin greatest detail restructur expert recognis audit firm independ consult inform provid austria gbi take firm expect turn round year gbi examin firm particip case gbi extrem success restor ail compani health acquir compani austria haustechnik gmbh rottenmann glanzstoff austria gmbh st pölten austria antriebstechnik bauknecht gmbh spielberg if industrieeinrichtungen fertigung ag waidhofen ybb gbi sold firm profit success restructur gbi austrian firm schmid schrauben hainfeld gmbh assmann ladenbau leibnitz gmbh case recipi compani establish bought stock ail compani leas fix asset fix asset bought success restructur measur assur schmid schrauben hainfeld gmbh sold profit assmann ladenbau leibnitz gmbh stock exchang launch consid gbi acquir erge atb austria antriebstechnik ag spielberg atb antriebstechnik ag weinheim germani commiss examin gbi financi situat establish extrem profit compani revenu sourc includ fee consult servic subsidiari dividend paid profit transfer subsidiari return invest proce sale firm gbi provid equiti capit at million ecu million increas at million ecu million profit state particip erge austria state gbi carri due dilig examin supervisori board decid firm difficulti product erge continu basi result examin erge extrem brand central europ germani czech republ switzerland slovakia austria firm possess consider restructur potenti term staff organis logist reduct number compani locat term optimum divis labour remain product plant reorganis oper network inform provid austria gbi interest erge austrian competitor decid takeov gbi inject capit amount at million ecu million erge incorpor cash manag group order bridg erge short term financ gbi provid erge capit inject at million ecu million erge market financi control expert strengthen manag austria submit detail calcul return invest gbi wish maintain hold erge take account fact mention commiss reach conclus gbi activ equat privat investor constitut state aid mean articl ec treati notifi state aid measur guarante state loan waiv interest possibl repay earlier loan measur state bodi notifi measur grant state resourc purpos measur enabl ail erge continu busi restor viabil erge favour relat competitor compani activ textil sector competitor present eea firm main competitor austrian compani palmer textil ag wolford ag german busi falk group kunert vertriebsgmbh oper internation notifi measur capabl affect busi posit competitor member state measur distort threaten distort trade member state constitut state aid mean articl ec treati articl eea agreement abovement aid fall approv exist system aid notifi individu articl ec treati austria compli notif requir derog articl ec treati articl eea agreement establish principl aid characterist set incompat common market articl ec treati articl eea agreement type aid exception consid compat common market commiss examin measur notifi fall derog aid prohibit derog provid articl ec treati articl eea agreement applic aid question aid social charact aid grant individu consum aid make good damag caus natur disast aid grant economi area feder republ germani affect divis germani derog provid articl ec treati articl eea agreement region aspect derog articl ec treati articl eea agreement relev aid grant promot econom develop area standard live abnorm low facilit develop econom area derog provid articl ec treati articl eea agreement commiss compel etablish project concern fulfil criteria appli quot project common european interest quot serv remedi disturb economi member state derog provid articl ec treati articl eea agreement applic aid intend promot cultur heritag conserv part derog provid articl ec treati articl eea agreement applic aid facilit develop econom activ time advers affect trade condit extent contrari common interest commun guidelin erge firm difficulti notifi measur repres restructur aid commun guidelin state aid rescu restructur firm difficulti hereinaft refer quot guidelin quot set condit restructur aid consid compat common market guidelin restructur form part realist coher reach plan restor long term viabil health firm reason time scale basi realist assumpt futur oper condit restructur plan account circumst led firm difficulti suppli demand situat relev product market develop specif strength weak firm plan enabl firm make smooth transit structur viabl long term enabl remain exist merit state support restructur accompani reorganis rationalis firm activ creat effici base mean give activ longer profit loss make restructur activ made competit possibl develop diversif profit activ physic restructur parallel financi restructur section guidelin commiss examin restructur satisfi condit restructur restor viabil firm reason time scale aid avoid undu distort competit thirdli aid proport restructur cost benefit guidelin provid firm fulli implement restructur plan submit accept commiss discharg oblig laid commiss decis commun guidelin requir commiss monitor implement progress success restructur plan restor long term viabil austria submit realist coher reach restructur plan begin commiss establish firm oblig implement restructur plan restructur plan take account circumst led firm difficulti difficulti attribut main area erge suffer bad financi structur end group show neg equiti capit at million ecu million clear insuffici control exercis group manufactur plant austria czech republ proper cost manag group adapt product process chang market condit addit firm pursu proper brand product strategi problem area aris erge inadequ invest recent year erge restructur measur summaris tabl concentr main area gt tabl gt financi restructur measur total cost financi restructur at million ecu million order restor group financ offset neg capit at million ecu million provid group suffici equiti capit at million ecu million equival group balanc sheet total cover loss at million ecu million forecast make good extraordinari depreci stock receiv at million ecu million commiss take view financi restructur measur order restor erge financi situat main element bring group financi situat back health waiver erge hous bank unsecur loan at million ecu million austrian bank involv bank austria ag erst bank der österreichischen sparkassen ag raiffeisenbank ober waldviertel registriert genossenschaft mit beschränkter haftung letter date june bank confirm agre waiver loss higher erge bankrupt commiss take view bank austria ag public enterpris share held privat investor control state largest individu sharehold bank privat bank largest contribut made privat erst bank der österreichischen sparkassen ag bank establish consortium decis unanim commiss conclud public bank austria ag act privat investor gbi provid fund amount at million ecu million increas capit undertook make at million commiss adopt decis case state wish waiv exist unsecur loan at million ecu million commiss approv erge satisfi condit number person emploi product plant austria addit firm intend make contribut sale asset profit expect altogeth fund total at million ecu million ensur firm return healthi financi situat oper restructur measur total cost oper restructur measur at million ecu million group main task shed labour order improv cost structur number emploi cut equival reduct redund programm germani cost at million ecu million gt tabl gt labour shed chiefli result organis group group exercis control product plant austria czech republ relinquish storag facil germani concentr storag activ austrian locat german subsidiari convert market compani organis austrian locat cost at million ecu million gbi takeov erge erge loana board member replac experienc reorganis manag gbi erge market financi control expert strengthen firm manag capac erge supervisori board replac experienc reorganis manag textil expert manag level order achiev cost cut measur make product effici shorten product throughput time factori austria czech republ consult respons implement restructur measur order guarante long term profit group redefin market posit improv brand product strategi oper restructur measur financ state guarante oper loan at million ecu million restructur measur invest austria group invest order return long term profit group plan invest at million ecu million period averag equival turnov bulk invest devot expans technic modernis central storag facil austrian locat central storag facil germani close provis softwar hardwar adapt state art smaller proport invest devot stock machineri written machin replac high standard qualiti maintain fibr ambiti design process materi cost cut substanti austria state recent year group reduc tangibl asset figur show machineri newli acquir purchas leas lower depreci leas cost machineri group complet written gt tabl gt invest financ at million ecu million state loan bank loan commiss take view invest limit minimum permit restructur group estim account commiss examin estim balanc sheet profit loss account cash flow figur year order determin restructur measur restor firm viabil find estim account present full underli assumpt explain detail result strategi reduc product rang shed labour trim product capac group reduc output year figur commiss note consider decreas output compar previou year oper result posit earli improv achiev substanti cut employe expenditur proport output continu high expenditur interest result usual busi activ remain neg area plan group make profit improv base cost cut measur effici product process estim account year group increas profit output figur make clear group continu manag cost capabl restor viabil result waiv repay bank loan capit inject gbi group regist posit capit balanc sheet total earli capit inject gbi retain profit equiti capit amount balanc sheet total year commiss judgment group healthi financi situat year commiss feel project prove group prospect long term viabil posit oper merit state support gt tabl gt gt tabl gt avoid undu distort competit aid commiss examin measur offset advers effect restructur aid competitor reduct product capac commiss note extern factor contribut group difficulti result survei consum wish cut back expenditur reduc expenditur purchas cloth addit textil demand declin annual europ time import east increas factor result downward pressur price predatori competit structur overcapac commiss note austria disput exist structur overcapac relev market accord point ii guidelin restructur plan make contribut proportion amount aid receiv restructur industri serv relev market commun irrevers reduc close capac reduct closur irrevers relev asset scrap render perman incap produc previou rate perman convert commiss note firm replac written machin part restructur measur order maintain high standard qualiti process fibr ambiti design improv effici group long term viabil secur replac machin lead increas total machineri capac austria prove group level take account machin leas number machin diminish potenti product capac express unit dai irrevoc reduc group reduc knit capac toe close capac flat knit capac relev capac manufactur group product proport leas machin relat machin small tabl overview group product capac commiss note reduct product capac accompani cut workforc reduct group storag area reduct product rang addit commiss point group increas output level year inform provid austria erge market share largest market austria germani erge market share signific eea countri erge compar small competitor eea market competit distort effect state aid measur plan waiver exist unsecur state loan at million ecu million commiss take view contribut ensur group suffici liquid fund commiss born mind inform provid austria state lose entir amount erge bankrupt state act erge bank waiv unsecur loan waiver loan condit number employe emploi erge year state loan at million ecu million commiss reach conclus loan guarante financ invest commiss account fact accord efta surveil author decis firm situat assist area articl ec treati permiss maximum aid intens net guarante at million ecu million erge procur liquid fund financ restructur measur commiss point erge make payment guarante group prospect long term viabil financi posit correct waiv guarante charg order restor firm viabil addit group financi expenditur output shown free charg guarante justifi failur make charg reduc firm financi burden year unjustifi extent commiss take view guarante constitut state aid erge pai normal market term compat common market aid proport restructur cost benefit commiss examin aid limit strict minimum need restructur firm gt tabl gt tabl show restructur firm financ bank state contribut amount restructur cost firm contribut parent compani gbi percentag show state aid proport restructur cost contribut parti involv commiss point provis guarante charg restor viabil firm guarante compat common market natur exist state loan austria establish exist loan at million ecu million intend invest at million ecu million detail breakdown invest cost provid exist loan provid accord articl law promot labour market law enter efta surveil author number list exist region aid scheme commiss take view aid cover exist aid scheme commiss find inform provid austria erge involv bankruptci proceed german parent compani difficulti loan grant commiss reach conclus loan invest aid commiss find erge appli restructur aid time extens rescu aid decemb commiss approv rescu aid form guarante payment account gbi respect subsequ increas equiti capit period juli end inform provid austria guarante grant end erge fund at million ecu million made gbi decis rescu aid commiss rule soundli base restructur plan prove expect normal return invest achiev period time commiss reach conclus measur gbi time rescu measur carri compris state aid commiss found measur gbi restructur phase base busi principl constitut state aid mean articl ec treati fact reason regard capit inject gbi extens rescu aid conclus commiss conclud activ gbi equat privat investor constitut state aid mean articl ec treati commiss take view austria submit realist coher rang restructur plan shown group potenti long term viabil posit oper merit state support reduct product capac consider suffici prevent unjustifi market distort state aid proport restructur cost contribut parti involv commiss take view erge appli restructur aid time lastli fact longer reason regard capit inject gbi extens rescu aid commiss view provis guarante charg restor firm viabil give group unjustifi advantag commiss approv provis state loan at million ecu million waiv interest repay exist state loan at million ecu million commiss take view state aid form guarante at million ecu million erge free charg compat common market commiss reach conclus provis state loan at million ecu million waiv interest repay exist state loan at million ecu million contribut develop econom activ advers affect trade condit extent contrari common interest commiss decid state aid measur consid compat common market accord part articl ec treati articl eea agreement state aid form guarante at million ecu million free charg advers affect trade condit extent contrari common interest compat common market commiss request austria inform month public decis measur compli accord section commiss guidelin commiss request austria submit detail annual report order prove restructur plan properli implement adopt decis articl state aid austria wish grant erge textilwerk gmbh schrem form waiver interest repay state loan at million ecu million state loan at million ecu million compat common market state aid austria wish grant erge textilwerk gmbh schrem form guarante at million ecu million free charg compat common market aid grant articl austria submit detail annual report order prove restructur plan properli implement articl austria inform commiss month notif decis measur compli articl decis address republ austria brussel decemb commiss karel van miert member commiss oj ecr oj oj oj bull ec part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk oj part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk carri magazin quot tv hören und sehen quot march part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk