commiss decis octob state aid implement spain favour sniac sa locat torrelavega cantabria notifi document number spanish text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof call interest parti submit comment pursuant provis cite regard comment procedur letter date april commiss receiv detail complaint law firm repres austrian compani lenz ag largest commun produc viscos fibr element illeg aid award spanish competitor quot sociedad nacion de industria aplicacion de celulosa espanola quot sa hereinaft refer sniac complaint includ inform provid origin complaint date juli respect commiss found insuffici evid state aid inform provid commiss includ copi viabil plan sniac produc privat consult firm complain alleg sniac receiv signific sum state aid period year stretch back late aid notifi commiss accord articl ec treati code aid synthet fibr industri aid distort competit sector suffer structur overcapac serv sniac aliv artifici lengthi preliminari investig includ meet dg iv complain spanish author june complaint regist notifi aid nn juli letter date novemb commiss inform spanish govern decis initi procedur laid articl treati respect element presum aid commiss decis initi procedur publish offici journal european commun commiss invit interest parti submit comment presum aid letter date decemb spanish govern repli commiss letter open procedur provid inform support view matter investig constitut aid mean articl ec treati letter date februari commiss request clarif point spanish govern repli letter date april commiss receiv comment interest parti forward spanish author opportun react comment receiv letter date june ii sniac sniac found produc cellulos paper viscos fibr synthet fibr sodium sulphat base torrelavega cantabria septemb region elig aid pursuant articl date region elig aid pursuant articl sniac approxim employe viscos fibr produc european union capac approxim tonn commun capac sniac produc synthet fibr includ polyamid filament yarn sniac obtain result recent year gt tabl gt open articl procedur commiss note compani suffer financi difficulti year featur numer press report applic made compani spanish court order suspens payment march lift creditor agreement octob sniac privat creditor agre convert debt share public creditor particip agreement end compani current liabil total esp billion compar esp billion current asset net worth compani esp billion recent year problem face compani includ industri relat disput led period shut down product compani ceas product product stop earli product resum februari compani trade concern iii detail descript aid measur commiss open articl proceed respect element presum aid payment environment levi ow sniac commiss note possibl element state aid aris withhold period year environment levi ow compani public water author confeder hidrogràfica del nort compani appear financi difficulti year effect pai levi avoid liquid compani enforc social secur contribut commiss express doubt term condit debt reschedul agreement social secur treasuri reflect market condit agreement date march cover reschedul debt total esp billion period februari februari impos term monthli payment march legal interest rate ii agreement date allow year grace monthli payment legal interest rate loan guarante approv total esp billion approv law commiss express doubt law cantabrian region govern authoris loan guarante esp billion sniac degre state aid financ arrang plan construct wast treatment plant commiss state certainti aid involv financ arrang plan wast water treatment plant partial cancel torrelavega citi council debt total esp million commiss note action torrelavega citi council appear reduc de facto compani debt esp million fact citi council reach quot special agreement quot compani impli discretionari power state aid involv agreement sniac wage guarante fund fogasa cover repay amount total esp billion overdu salari workforc paid fogasa behalf sniac gt tabl gt commiss doubt term condit agreement reflect market condit iv comment interest parti comment receiv member state unit kingdom commun competitor sniac intern rayon synthet fibr committe cirf comment bavarian ministri economi transport technolog submit expiri deadlin account context procedur säteri produc viscos stapl fibr state experienc unfair competit sniac itali unit kingdom germani franc result illeg aid sniac set price säteri svenska rayon produc viscos stapl fibr state view sniac disturb viscos stapl fibr market year sell artifici low price affect svenska rayon italian market nylstar hit unfair competit sniac polyamid textil filament sector spanish market textil finanz part radici group concern possibl effect illeg aid sniac polyamid textil filament yarn sector bemberg refer unfair competit sniac polyamid textil filament yarn sector itali germani unit kingdom spain franc switzerland due loss sale contract caus yarn price level quot sniac reflect current market condit courtauld plc largest produc viscos stapl fibr europ refer overcapac industri action previou year reduc capac cost led job loss unit kingdom germani franc state migrat textil manufactur lower cost economi result long term reduct mill consumpt europ annum consumpt replac import yarn fabric garment primarili asia india result capac fallen europ tonn tonn courtauld reduc capac tonn year includ reduct ton grimsbi site courtauld state clear evid trade data sniac price competitor state unit kingdom germani itali spain franc belgium sniac price courtauld averag price believ size sniac plant uneconom law firm repres lenz ag origin complaint led open proceed reiter view element aid illeg incompat common market stress discretionari measur constitut claim spanish govern gener measur reiter view aid measur serv compani aliv artifici cirf state repres bodi european man made fibr industri membership account product viscos stapl fibr product polyamid textil filament yarn main fibr type produc sniac favour strict applic state aid rule commiss emphasis viscos stapl market commun matur market consumpt long term declin forecast fall consumpt capac continu reduc european produc bring close line demand capac utilis unsatisfactori level capit intens sector viscos stapl produc aim capac utilis order achiev reason return capit believ european commun produc made loss viscos product regard polyamid textil filament yarn sector cirf state gradual declin long term trend capac commun gradual reduc market driven process rationalis restructur bring close line demand capac utilis remain level requir achiev satisfactori level profit unit kingdom represent european union support view aid sniac continu busi inevit lead unemploy europ exist overcapac synthet fibr industri addit lenz courtauld express concern base press report aid measur grant sniac state own save bank caja de cantabria form loan profit particip amount esp million conform normal market condit comment spanish govern gener term spanish govern reiter view express prior open procedur notabl public author concern normal procedur laid spanish law manag tax social secur debt grant compani preferenti treatment payment environment levi ow sniac spanish govern state accord provis water act law august implement regul confederacion hidrografica del nort began issu assess amount wast levi payabl discharg made subsequ year individu busi discharg wast water catchment area respons issu sniac assess calcul compani tax liabil esp million respect effluent gener product process compani brought econom administr complaint assess region econom administr court asturia teara contest legal articl rule procedur econom administr complaint approv decre august forc enforc decis challeng suspend complain lodg econom court bank guarante cover payment debt accord provis sniac provid teara guarante amount esp million issu banco espanol de credito cover assess teara consid constitut suffici guarante suspend enforc tax assess pend decis complaint eventu adopt decis upheld sniac complaint revok cancel effect tax assess return bank guarante compani present confederacion hidrografica del nort refus accept decis brought appeal central econom administr court teac confederacion hidrografica del nort issu assess put sniac tax liabil respect year esp million assess sniac case levi previou year lodg complaint teara provid bank guarante issu banco espanol de crédito result enforc suspend accord rule procedur basi legal argument teara upheld sniac complaint revok cancel effect tax assess previou case return bank guarante sniac present confederacion hidrografica del nort turn brought appeal decis teac teac join appeal rule singl judgment deliv novemb upheld confirm legal assess assess no bank guarante return sniac pursuant earlier decis teara confederacion hidrografica hand assess state tax agenc agencia tributaria del estado collect enforc procedur april sniac issu wast levi assess put liabil respect esp million case assess lodg complaint teara provid bank guarante issu banco espanol de crédito light rule teac novemb teara reject compani complaint occas march confirm legal assess retain bank guarante pend outcom appeal brought sniac bank guarante present retain court dismiss sniac appeal banco espanol de crédito made confederacion hidrografica esp million cover guarante interest late payment spanish govern emphasis rule procedur econom administr complaint approv decre august leav decis provid guarante discret complain advantag guarante accept enforc contest decis suspend court rule complaint situat spanish govern view reason legal standpoint sniac provid bank guarante contest wast levi assess issu uniform view legal teac rule novemb assess law confederación hidrográfica call guarante cover assess amount esp million interest guarante put effect mention return teara assum sniac found difficult persuad bank issu guarante respect complaint reject assess issu subsequ year challeng teara guarante enforc procedur suspend period time allow voluntari payment expir assess case hand state tax agenc collect throught enforc procedur spanish author debt run sniac gt tabl gt interest late payment calcul march interest calcul due date payment offici interest rate year interest payabl repay debt debt aris wast dispos levi paid sniac entrust state tax agenc collect subject compulsori collect procedur accord book iii gener regul collect royal decre decemb amend royal decre march compulsori collect procedur payment reach attach embargo stage mean measur implement order attach good titl belong debtor amount suffici cover total debt collect proce attach moni short term credit appli repay debt includ quot collect quot column debt tabl step compulsori collect procedur execut mean public auction immov good includ factori plant equip belong sniac subject attach spanish author state execut attach immov good belong sniac creat problem deriv compani situat natur good attach site attach factori plant equip offici classifi land industri factori plant equip design sniac activ mean market sale limit land utilis industri purpos modif facil activ costli properti mortgag esp million number bank institut result trade loan grant sniac prior institut procedur redempt debt wast dispos levi mortgag date attach remain effect case sale immov good diminish chanc sale sniac concern larg workforc sale factori plant equip end product close compani turn lead creation debt unpaid wage compens paid extinguish work contract purchas found sniac immov good proce pai wage credit prioriti amount due tax author accord spanish regul debt result attach compani immov good present subject number administr legal proceed sound execut suspend sniac offer guarante court tax author act due caution proceed sale immov good irrevers action declar invalid court find sniac favour due caution characteris administr behaviour case law februari right duti tax payer expressli cover question furnish proof sensit tax author proce take irrevers decis regard debt definit rule effect march limit power tax author proce dispos good attach case repay debt justifi attach guarante step agenda tributaria order ensur payment debt spanish author stress case agenda tributaria implement action provid law credit titl attach factori plant equip compani activ spanish author difficulti arisen execut procedur collect debt led discuss compani confederacion hidrografica del nort bodi charg redempt wast dispos levi ow sniac order reach negoti settlement repay debt accord stipul gener collect regul regard defer payment payment instal term condit payment instal guarante sniac pledg present discuss spanish author stress fact payment instal discuss compani necessarili option adopt outcom depend conform relev legal requir guarante enforc social secur contribut spanish govern state reschedul agreement outstand debt social secur system made accord provis articl gener regul collect social secur contribut approv royal decre octob offici state gazett agreement date septemb cover reschedul debt total esp period februari februari surcharg esp impos term monthli instal interest payment payabl year legal interest rate repay year princip interest increas annual rate april sniac sa made esp repay social secur defer agreement spanish govern state deferr debt repay incorpor debt refer aforement agreement march amend deferr grant render invalid due payment repay schedul instal sum relat deposit compani spanish govern reiter gener social secur treasuri act accord applic rule regul behaviour deem involv grant state aid rule regul question gener applic firm situat relat specif compani sector action social secur author view collect moni ow sniac time procedur laid law gener regul collect social secur revenu spanish govern stress postpon debt allow gener measur decid discretionari basi author procedur postpon laid articl gener regul collect social secur revenu approv royal decre octob regul social secur debt postpon paid instal request liabl payment econom financi situat prevent pai debt articl word postpon grant firm request fulfil condit laid regul postpon decis interest recoveri debt social secur system action result closur firm concern destroi chanc secur payment spanish govern ad guarante repay debt compani offer mortgag factori plant equip locat torrelavega favour gener treasuri social secur salari guarante fund fogasa jointli evalu made american apprais espana sa decemb real asset concern amount esp complex difficulti measur requir ensur secur offer full legal effect sniac request extens deadlin set guarante extens grant director gener gener social secur treasuri decemb maximum month accord provis articl order februari time notic seizur issu gener social secur treasuri act extens period difficulti mention persist enterpris definit date final settlement compani made request quot substitut secur quot order ensur notic seizur act spanish author examin underwai determin secur suffici cover defer debt spanish author postpon deem constitut state aid compani concern term debt paid interest payabl statutori rate applic date postpon grant accord gener applic mandatori rule laid spanish legisl letter date june spanish author state posit contradict view complain defer debt discretionari govern measur adopt examin individu case accept articl gener social secur law word quot podran quot refer author power grant defer payment social secur debt absolut liter interpret author spanish govern view discretionari power argu discretionari arbitrari impli caprici nonuniform applic law similar situat realiti enterpris request defer econom financi situat make imposs pai debt provid compli legal requir laid current law impli individu examin case defer grant context spanish author argu measur gener practic criteria appli case final spanish govern maintain argument grant defer protect interest social secur system term recov debt form action impli closur enterpris make absolut imposs signific part debt involv recov prefer method advantag social secur system loan guarante approv total esp billion approv law spanish govern maintain view aid involv loan guarante formalis reiter articl law septemb simpli authoris region govern award sniac guarante cover esp billion loan fact occur law laid number strict condit met region govern provid guarante met guarante grant put effect compani request spanish govern repeat prior formalis guarante submit prior notif european commiss spanish govern argu spanish privat law articl commerci code articl civil code guarante defin formal transact mean guarante document suppli entiti undertak risk guarante exist right oblig creat guarante mere declar intent order guarante question implement condit fulfil confirm conform provis law legal report guarante document drawn gener audit report propos offer guarante region govern minist economi taxat region govern approv guarante draw guarante document financ arrang plan construct wast treatment plant spanish govern state construct treatment line plan part integr water treatment plan river besaya exclus sniac project plan stage compani take step instal wast recoveri plant action regard treatment discharg made compani river besaya link measur gener plan wast water treatment saja besaya basin declar nation interest undergo technic apprais phase complet imposs measur ultim firm make discharg river besaya technic studi carri gener plan wast water treatment saja besaya basin wast water discharg industri firm area includ sniac treat sourc firm treat effluent allow fed wast water system accord limit laid regul discharg subject payment user charg reflect permiss pollut load option treat industri wast water specif treatment line alongsid municip water treatment plant reject ground complex solut letter date april spanish author ad sniac acquir constitu part wast water treatment plant form public assist concret plan grant assist natur partial cancel torrelavega citi council debt total esp million spanish author state municip torrelavega act respect power quot releas quot amount tax constitut spanish law quot cancel quot debt torrelavega citi council particip creditor agreement octob framework suspens payment procedur reach separ special agreement base quot releas quot quot quita quot postpon quot espera quot provis spanish tax law accept sacrific privat creditor agre grant reduct amount extens time laid creditor agreement payment instal period year grace period interest rate laid creditor agreement sole purpos sign special agreement guarante recoveri sniac tax liabil regard municip author amount quot releas quot cover form guarante asset free lien agreement strictli accord articl paragraph gener tax law spanish author spanish bankruptci law draw clear distinct concept cancel reduct amount extens time cancel grant law concern disast situat make waiv tax reduct amount extens time grant pure view recoveri possibl enforc payment part debt grant respect bankruptci proceed case question incontest prefer mortgag creditor banco espanol de crédito lien land build render imposs recoveri measur spanish author suppli commiss copi mayor decis torrelavega citi council decemb state inter alia amount sniac tax debt reach date princip esp busi tax esp surcharg statutori interest payment ad amount esp guarante distraint esp pend compens articl gener tax law properti tax special prefer implicit legal mortgag spanish author emphasis quot releas quot debt relat tax assess cover prioriti claim prior distraint busi tax impuesto sobr actividad economico iae annul base complet year activ circumst appli case compani close month gt tabl gt spanish govern releas debt esp million deem constitut direct indirect aid citi council decis confin elimin speak debt collect assess busi tax surcharg enforc collect partli cancel assess made basi year full activ compani activ busi tax tax rate set central govern base full econom activ assum full workforc energi consumpt line enterpris normal level activ fact product suspend period amount year automat cancel total amount cover agreement quot releas quot debt esp repres unenforc debt amount busi tax invalid charg surcharg account item relat actual tax debt concern releas amount item understood account inform practic effect whatsoev remain amount water rate wast collect charg subject miscalcul rate charg wast collect base assumpt full econom activ appli year assess replac assess reflect real level activ assess busi tax year amount esp complet unrealist ultim partli cancel remaind debt includ decis circumst recov enforc procedur enjoi prioriti citi council decis practic effect compani relat amount collect amount cancel account firm lack real econom activ spanish author conclud municip author torrelavega act simpli ensur real effect protect financi interest recov sniac debt action full complianc law effect diminish municip torrelavega fund deem involv direct indirect aid sniac releas debt confin amount varieti reason recov agreement sniac wage guarante fund fogasa cover repay amount total esp billion overdu salari workforc paid fogasa behalf sniac spanish govern reiter fogasa pai employe amount ow wage compens enterpris insolv involv bankruptci proceed benefit paid worker mean entitl wage guarante exclus worker involv provis aid loan enterpris labour relat debt ministeri order august govern conclus agreement repay amount paid wage guarante fund expressli includ possibl agreement defer payment instal debt enter wage guarante fund subject regul laid order accord order august enforc articl royal decre march fogasa sign repay agreement sniac date novemb total amount includ interest esp payment period year instal due month interest rate legal interest rate accord provis order august secur properti mortgag date octob total amount includ interest esp payment period year instal due month interest rate legal interest rate accord provis order august secur properti mortgag amount repaid enterpris agreement june amount esp spanish author agreement involv aid subsidi grant state defin articl revis text gener budget law free provis public fund state autonom bodi public privat individu bodi promot activ social interest facilit achiev public aim gener sens case form aid grant charg state budget budget autonom bodi subsidi aid financ part european union fund concern credit bodi question entitl regard enterpris subrog right action worker receiv benefit final spanish govern argu rule regul question gener applic firm situat relat specif compani sector fogasa pai employe amount ow make payment compani concern forbidden applic legisl addit comment issu investig procedur spanish govern react observ parti report loan esp million caja cantabria favour sniac contain state aid refut alleg state inter alia caja credit institut govern privat law invest decis basi profit solvenc criteria light inform stage commiss accept alleg aid award caja cantabria fall scope procedur mean exclud possibl aid involv reserv continu investig matter context procedur vi assess presum aid commiss determin measur subject procedur state aid mean articl ec treati light inform commiss assess sniac viscos fibr produc commun product trade member state competit produc intra commun trade viscos fibr combin nomenclatur number amount approxim tonn sniac oper sector declin result rationalis capac made competitor product eea fibr declin tonn tonn reduct consumpt fell period averag capac utilis rate period low capit intens sector addit suppli spanish market sniac tradition suppli european market notabl itali franc addit sniac produc synthet fibr polyamid filament yarn sector suffer substanti overcapac averag capac utilis rate payment environment levi ow sniac march appear total unpaid debt environment levi wast includ surcharg interest charg period risen esp esp state spanish author account amount collect enforc procedur collect debt appar institut year ago rule made novemb central econom administr court legal assess spanish author admit enforc procedur suspensori effect case sniac secur bank guarante contest environment levi assess commiss accept spanish law tax author confederación hidrográfica del nort respons bodi manag collect debt sniac june esp recov repres mere total claim amount debt includ interest legal interest rate surcharg continu rise commiss note prove difficult execut collect debt notabl financi situat face sniac legal challeng brought sniac annual assess proceed execut possibl provok liquid compani tax author act maximis prospect recov proport unpaid environment levi imposs due exist creditor higher prioriti conclus investig carri commiss allow conclud stage payment environment levi constitut state aid view complex legal issu surround question public author offer sniac preferenti treatment recov unpaid levi commiss intend defer decis element stage enforc social secur contribut commiss disput spanish author argument social secur treasuri act protect claim commiss stress question gener social secur system spain spanish author acknowledg social secur treasuri proceed enforc claim consequ closur compani evid case toler social secur treasuri defer payment sniac social secur contribut period year confer appreci advantag compani evid applic social secur regul afford author margin discret treatment individu case precis occur case commiss stress degre discret social secur treasuri exercis case firm appear suffer lack viabil lead commiss reject spanish author content action social secur treasuri regard sniac constitut gener measur notwithstand fact social secur treasuri act accord applic legisl treatment sniac debt reschedul agreement consist prevail market condit commiss practic make comparison relev time refer rate fix member state concern rate fix spain august determin rate consist market condit previou case involv reschedul social secur debt commiss made comparison prevail averag rate interest charg privat bank spain loan year case statist publish spanish central bank averag rate interest charg privat bank loan longer year period question condit reschedul agreement bulk repay princip interest time end appar order facilit compani recoveri confom credit normal market condit conclud agreement contain state aid mean articl treati illeg notifi commiss pursuant articl treati difficult quantifi precis amount illeg aid involv equal financi advantag aris reduc interest rate appli effect debt incur loan guarante approv total esp billion approv law unfortun spanish author notifi commiss intent cantabrian region assembl authoris grant guarante question bear mind fact compani produc inter alia polyamid fibr product fall scope control code aid synthet fibr industri commiss accept region assembl grant guarante number separ addit administr step requir put guarante effect addit commiss unawar evid demonstr pass law confer commerci advantag sniac condit spanish govern notifi commiss advanc propos formalis guarante commiss conclud law confer special advantag sniac constitut state aid financ arrang plan construct wast treatment plant commiss note inform provid spanish govern implement region plan treatment wast saja besaya basin technic apprais stage phase complet measur ultim regard discharg made firm includ sniac river besaya commiss note assur spanish govern action sniac regard instal wast water treatment facil made form public intervent public assist envisag investig commiss allow establish exist aid element respect partial cancel torrelavega citi council debt total esp million basi inform provid spanish govern torrelavega citi council appear act manner protect claim sniac legal enforc spanish law commiss examin public creditor behaviour case determin intent maximis chanc recoveri unpaid tax action compar privat creditor commiss acknowledg open procedur subscrib privat creditor agreement octob stipul inter alia convers debt share framework suspens payment procedur public author principl protect entir claim addit commiss accept separ agreement torrelavega citi council sniac effect parallel creditor agreement accord sniac gener treatment reach privat creditor agreement contrari quot releas quot debt confin essenti amount recov notabl compani econom activ amount due reassess detail modifi assess provid commiss basi inform commiss accept action municip author torrelavega come scope proceed confer undu advantag sniac result cancel debt constitut state aid agreement sniac wage guarante fund fogasa cover repay amount total esp billion overdu salari workforc paid fogasa behalf sniac commiss reiter state open procedur object intervent fogasa settl behalf compani accord fogasa regul valid claim employe sniac receiv accord constant commiss practic discretionari contribut state cost regard aid gener measur confer financi advantag compani payment directli compani administ employe govern agenc commiss understand arrang fogasa discretionari power postpon split repay period year defer payment accru legal interest rate notwithstand arrang accord applic legisl consist prevail market condit reason relat social secur debt fact refer rate fix spain august commiss made comparison averag rate interest charg privat bank loan longer year period question rate consider rate payabl agreement commiss continu doubt compani meet term agreement light financi difficulti repeat request spanish govern fail provid specif detail natur mortgag put secur fogasa approach adopt relat social secur debt conclud reschedul agreement fogasa contain state aid mean articl ec treati illeg notifi commiss case social secur debt quantif precis amount illeg aid difficult aid equal financi advantag aris fact interest rate payabl reschedul agreement establish illeg state aid contain payment environment levi reschedul social secur debt fogasa repay agreement commiss decid aid incompat common market work eea agreement articl ec treati lai principl aid characterist incompat common market derog principl set articl ec treati appli case point natur object aid regard except provid articl aid promot facilit develop area commiss note region sniac locat septemb region elig region aid pursuant articl prior date elig region aid pursuant articl assist afford sniac requisit featur facilit develop econom area mean articl grant form oper aid condit invest job creation oper aid articl area exception cover except grant restrict control condit relat firm difficulti derog pursuant articl concern aid intend promot project common european interest remedi disturb spanish economi spanish govern attempt justifi aid ground derog pursuant articl treati aid intend promot cultur heritag conserv measur favour sniac commiss assess concentr region specif element articl treati lai except quot aid facilit develop activ quot aid advers affect trade condit extent contrari common interest aid sniac categoris aid firm difficulti financi posit period aid award commiss consid aid firm difficulti carri greatest risk transfer unemploy industri problem member state act mean preserv statu quo prevent forc work market economi normal consequ term disappear uncompetit firm process adapt chang condit competit time aid bring disrupt effect competit trade influenc price polici beneficiari opt undercut strategi stai market reason commiss year develop special approach assess aid firm difficulti commun guidelin state aid rescu restructur firm difficulti defin number condit aid fulfil distinguish rescu aid restructur aid rescu aid aid grant firm busi difficulti discov remedi work authoris compat common market consist liquid form loan guarante loan bear normal commerci interest rate restrict amount need firm busi cover wage salari cost routin suppli paid time need gener exceed month devis feasibl recoveri plan warrant ground social difficulti advers effect industri situat member state gener principl restructur aid authoris commun interest link viabl restructur recoveri programm submit detail commiss restructur plan satisfi condit plan restor long term viabil health firm reason timescal basi realist forecast futur oper condit plan offset potenti advers effect competitor amount intens restructur aid restrict minimum need enabl restructur place relat benefit anticip commun perspect restructur aid beneficiari expect make signific contribut restructur plan intern resourc extern commerci financ final freedom member state award aid synthet fibr industri subject constraint introduc curb provis aid result increas capac product main synthet fibr sniac produc synthet fibr aid question appear part support activ measur question consid compat common market conform code aid synthet fibr industri aid back period year examin term current version code code cover inter alia invest aid extrus texturis fibr polyest polyamid acryl polypropylen code state respect larger firm firm sme commiss authoris aid applic aid ceil aid result signific reduct relev capac market relev product characteris structur shortag suppli aid result signific increas capac case spanish govern seek argu measur constitut rescu restructur aid put forward evid valid restructur plan propos reduct sniac market presenc confirm aid effect simpli allow compani continu busi viabil plan submit commiss complain prior open procedur concern spanish govern confirm view consult conclus quot viabil sniac grant subsidi enabl invest project undertaken debt renegoti quot pure privat opinion reflect privat studi necessarili reflect view spanish author regard sniac synthet fibr activ commiss awar plan lead signific reduct capac addit capac utilis rate sector substanti intra commun trade remain unsatisfactori vii conclus commiss find spain unlawfulli implement aid form reschedul social secur debt fogasa repay agreement contrari articl treati incompat common market function eea agreement aid illeg incompat common market recov econom effect annul adopt decis articl state aid spain grant sociedad nacion de industria aplicacion de celulosa espanola sa sniac incompat common market rate interest market rate agreement march amend agreement sniac social secur treasuri reschedul debt cover esp princip amend agreement septemb reschedul debt cover esp princip rate interest market rate agreement novemb octob sniac wage guarante fund fogasa cover esp esp includ interest matter subject proceed open pursuant articl ec treati loan guarante approv total esp billion approv law financ arrang plan construct wast treatment plant partial cancel debt torrelavega citi council measur constitut aid procedur close spain inform commiss period month date decis modifi assess made torrelavega citi council respect sniac busi tax year date unpaid environment levi period commiss separ decis due articl kingdom spain measur recov recipi aid refer articl unlawfulli made recoveri effect accord procedur nation law sum recov bear interest date made recipi actual recoveri interest calcul basi applic refer rate articl kingdom spain inform commiss month date notif decis measur compli articl decis address kingdom spain brussel octob commiss karel van miert member commiss oj oj advoc gener jacob opinion septemb case transport sa quot clear circumst continu gener toler late payment social secur contribut confer appreci commerci advantag recipi undertak extrem case tantamount relief contribut quot point tubacex case oj refer rate subsequ appli spain date oj