commiss decis februari state aid grant germani spindelfabrik hartha 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 accord articl parti notic submit comment proceed letter date novemb germani notifi pursuant articl ec treati grant aid spindelfabrik hartha gmbh hartha letter date decemb march commiss ask inform provid letter date januari march march aid made notifi regist notifi aid refer nn june hartha file bankruptci gesamtvollstreckungsverfahren juli commiss initi proceed articl ec treati publish notic member state interest parti ii detail descript aid descript hartha hartha engag manufactur type spindl cotton picker spindl bottom roller dof system modernis ring spin frame speed frame purchas agreement date novemb hartha sold frocatec elektronik amp konstrukt beteiligungsgesellschaft mbh frocatec frocatec share held person compani employe sme mean commiss recommend ec april definit small medium size enterpris total aid grant privatis dem million cover treuhand regim limit laid compani reduc number employe turnov dem million sme mean recommend descript restructur period hartha emerg posit weak establish compani compani encount problem forc occas interrupt manufactur cotton picker spindl restructur plan accept execut committe feder offic special unif relat task bv june committe posit view hartha develop implement restructur plan financ strategi hartha work creditor act concert gt tabl gt concert financ measur restructur plan brought oper hartha receiv june interest free loan dem million sächsisch aufbaubank provision measur repaid novemb restructur plan submit januari reckon compani make oper profit measur directli link restructur gt tabl gt extens deadlin pai proce assign debt dem constitut state aid bv behav privat investor compani liquid problem likelihood repay view result expect time increas extend deadlin interest charg percentag point market rate redempt dem loan guarante provid time privatis measur base decis activ treuhand notifi commiss authoris compani difficulti loan grant fear guarante tantamount aid consist total amount aid intens assum repay regard addit aid total loan assess aid product market declin commun product textil machineri market gener start recov growth product expect year upturn regard caution market depend export begin spindl market weak sale declin sharpli declin confirm analysi textil machineri industri domin small medium size enterpris sector face internationalis increas competit strategi sme cope situat specialis spindl market highli specialis nich market cotton picker spindl hartha supplier commun mention decis initi proceed share spindl market fairli small inform commiss compani product capac spindl unit annum bottom roller unit annum cotton picker spindl unit annum iii observ german govern commiss receiv comment interest parti initi proceed iv observ german govern german govern comment case letter date octob assess aid germani fulfil oblig notifi articl ec treati aid aid scheme notifi authoris commiss grant unlawfulli compat common market examin amount restructur aid aid plan bv form grant dem million loan dem million part scheme notifi examin commiss grant illeg state saxoni contribut dem million consolid fund aid scheme notifi approv commiss authoris decis grant aid link condit restructur plan restor profit firm carri addit aid consolid fund combin restructur aid occas sächsisch aufbaubank guarante loan dem million aid grant scheme notifi commiss authoris june authoris decis grant aid link condit restructur plan restor profit firm carri regard saxoni scheme commiss decis initi proceed express consider doubt condit implement restructur plan fulfil june hartha receiv sächsisch aufbaubank interest free loan dem million loan capit interest regard aid mean articl ec treati base scheme notifi authoris commiss unlaw loan repaid novemb compani save dem interest amount account recoveri aid pursuant articl ec treati articl eea agreement aid grant state resourc distort threaten distort competit favour undertak product good incompat common market aid grant germani provid activ manufactur cotton picker spindl favour hartha assum result aid market condit competitor chang trade affect aid principl incompat common market exempt commiss determin aid qualifi exempt articl ec treati hartha case commiss account compani situat area articl ec treati event aid examin light exempt articl hallmark aid rescu restructur firm difficulti exempt articl aid facilit develop econom activ econom area aid advers affect trade condit extent contrari common interest appli conjunct commun guidelin state aid rescu restructur firm difficulti quot guidelin quot hartha repeatedli made substanti loss past regard firm difficulti mean guidelin restructur plan section guidelin restructur aid grant restructur plan meet condit restructur restor long term viabil compani question undu distort competit avoid amount intens aid limit strict minimum need cost restructur exce expect benefit grant aid link full implement restructur plan observ condit implement progress success restructur plan monitor requir submiss detail annual report commiss test guidelin satisfi restor profit concern germani submit commiss restructur plan accept bv januari intend restor hartha long term viabil commiss doubt plan base realist assumpt plan optimist market develop expect sale forecast turnov doubl profit achiev earli gt tabl gt forecast trend base expans market market high technolog product commiss take view sale prospect overst circumst profit compani restor period firm made loss dem million capabl return viabil make profit year bankruptci proceed start reason hartha poor result commenc bankruptci proceed firstli contrari optimist forecast restructur plan market weaken consider start price fell compani withdraw market product liabil problem product suppli hartha insuffici qualiti defect caus consider problem american custom restructur plan submit base market high technolog product favour develop market plan exagger firm capabl market estim compani result highli fact confirm commiss view plan base realist assumpt effect competit spindl market examin market spindl declin deterior excess capac market disregard hartha small market share sme oper articl area requir reduc capac circumst undu distort competit establish inform commiss cotton picker spindl market aid grant caus undu distort competit summaris condit guidelin met restructur aid hartha authoris vi conclus commiss account assess fact hartha return profit arrang state saxoni consolid fund guarante sächsisch aufbaubank true restructur plan restor viabil firm question submit turn base unrealist assumpt condit restructur plan restor profit regard met aid grant hartha authoris condit aid combin restructur aid met exempt articl ec treati applic aid hartha authoris condit guidelin met contribut dem million consolid fund bv loan dem million bv grant dem million save dem interest guarante sächsisch aufbaubank loan dem million constitut state aid incompat common market commiss find feder republ germani grant aid unlawfulli breach articl ec treati oblig recov accord rule procedur german law adopt decis articl aid dem grant germani spindelfabrik hartha gmbh incompat common market aid consist grant dem feder offic special unif relat task bv loan dem bv contribut dem state saxoni total guarante dem sächsisch aufbaubank save dem interest articl germani measur recov firm question aid refer articl grant aid recov accord procedur german law interest charg date aid grant beneficiari date recoveri rate calcul net grant equival region aid articl germani inform commiss month date notif decis measur compli therewith articl decis address feder republ germani brussel februari commiss karel van miert member commiss oj oj ow factor includ liabil dem investor compani collaps larg contract open market loss east european state aid threshold arrang worker dem million financi liabil vi vi treuhandanstalt guarante cover arrang notifi panoram eu industri chapter state aid authoris commiss letter date oj figur statement asset liabil compani august submit receiv complet set book