commiss decis decemb state aid grant land thuringia thüringer motorenwerk gmbh notifi document number german text authent text eea relev ec commiss european communitieshav regard treati establish european commun subparagraph articl thereof regard agreement establish european econom area articl thereof member state parti concern notic submit comment accord articl ec treati state aid thüringer motorenwerk gmbh hereinaft refer tmw notifi germani commiss letter date august receiv august notif concern rescu aid provid scheme consolid fund land thuringia konsolidierungsfond de land thüringen authoris commiss decemb loan total dem million made compani scheme await commiss decis case regist notifi aid refer nn tmw main busi product engin motor vehicl letter date novemb german author inform commiss gesamtvollstreckungsverfahren proceed insolv proceed prior takeov wind compani initi septemb commiss inform germani letter date januari initi articl proceed respect rescu aid measur form subsidis loan nomin dem million ground doubt compat loan common market view period cover month doubt compat common market loan grant principl aid oper compli doubt natur aid respit obtain grant loan draw coher restructur plan aim restor compani long term viabil doubt commit enter compani ifa motorenwerk nordhausen gmbh privatis treuhandanstalt tha adher busi plan present letter state busi prospect germani account tmw insolv notic publish offici journal european commun commiss gave member state interest parti opportun submit comment measur question month public ii request februari month extens period initi set present comment request commiss grant german author submit comment letter date april commiss view answer provid complet ask addit question august germani provid addit inform letter date june octob novemb germani point loan grant juli dem million februari dem million april dem million public law thüringer aufbaubank tab subject commiss approv event neg decis recov addit germani note loan grant zmw belong antriebstechnik weimar amberg gmbh awa insolv awa failur german author restructur tmw intervent compani rebag envisag inject dem million capit appar loan suffici carri successfulli restructur plan commerci bank state prepar grant dem million loan obtain guarante land thuringia guarante inform provid german author novemb region author doubt effect restructur plan stabil compani manag team balanc sheet situat deterior interven period intend condit establish grant loan privat bank tab grant loan safeguard tmw liquid arrang germani restructur plan prove failur insolv tmw repay loan request tab institut legal proceed recov claim germani maintain view loan grant tmw natur restructur aid inform commun germani show pictur gt tabl gt net posit june show debt dem million product halt septemb letter date octob germani inform commiss tmw longer exist commerci undertak iii comment parti receiv commiss iv land thuringia grant success loan tmw intermediari tab view financi situat tmw obtain loan maintain solvenc creditworthi commerci bank preferenti term loan grant tmw distort threaten distort competit market engin motor vehicl tmw oper involv signific intra commun trade evid state aid mean articl ec treati articl eea agreement consolid fund land thuringia authoris commiss decemb loan grant rescu restructur aid mean commun guidelin state aid rescu restructur firm difficulti guidelin requir individu notif aid grant sensit sector includ motor vehicl industri loan amount dem million grant juli commiss approv scheme german author notifi loan commiss ad hoc aid fail letter februari commiss note germani agre notifi individu case rescu restructur aid repeatedli grant firm amount restructur aid previous grant exceed ecu million dem million consid aid restructur aid germani notifi individu loan commiss conclud loan notifi articl ec treati german author compli suspensori effect articl grant loan commiss final decis aid provid loan illeg form aid element contain loan depend financi situat compani financi situat unfavour aid consist differ rate firm obtain commerci bank basi risk repres rate loan grant state assist compani precari financi situat commerci bank grant loan commiss practic aid element correspond loan basi inform commun german author tmw balanc sheet situat unfavour trend turnov commiss consid tmw financi situat make unabl obtain loan whatsoev state assist commiss consid amount aid total amount loan dem million articl ec treati lai principl aid circumst envisag incompat common market articl ec treati set number exempt principl natur purpos aid articl applic germani argu shown aid intend compens econom disadvantag caus divis germani exempt provid articl applic instanc articl set type aid consid compat common market compat ec treati assess context commun pure nation context order safeguard proper function common market view principl set articl ec treati derog criteria provid articl interpret strictli derog provid articl treati relev aid intend promot execut import project common european interest remedi disturb german economi order ascertain compat aid common market derog provid articl ec treati commiss examin aid promot long term develop relev region condit laid commun framework state aid motor vehicl industri commun guidelin state aid rescu restructur firm difficulti compli germani claim involv success grant restructur aid commiss agre view document submit germani show purpos loan secur tmw solvenc short term make financi resourc payment salari outstand debt limit resourc rebag made tmw includ loan time secur firm short term solvenc financ hypothet restructur programm inform provid germani initi articl proceed rebut commiss view natur object loan rescu aid accept germani mistaken descript aid restructur aid commiss receiv germani inform restructur plan mean guidelin respect grant loan absenc plan commiss unabl regard alleg restructur aid compat treati german author present inform remov doubt express commiss initi proceed exist coher restructur plan restor tmw long term viabil connect loan addit commiss consid plan reorient firm activ briefli notif amplifi albeit insuffici repli commiss addit question initi articl proceed capabl restor firm long term viabil dem million bank loan refer letter germani ultim grant privat commerci bank letter novemb land guarante view doubt real chanc implement reorganis plan present firm appar region author refus give addit guarante tune dem million commerci bank refus grant loan guarante public bodi view restructur tmw restor long term viabil conclus commiss draw examin sequenc event occur loan grant time german author doubt qualiti restructur plan compani viabil essenti requir plan restor long term viabil firm drawn implement met amount restructur aid commiss conclud loan incompat treati addit period loan grant month breakdown total volum aid separ agreement amount dem million dem million dem million show success grant aid involv confus payment instal provid loan agreement guidelin stipul rescu aid aid restructur grant guidelin state recurr inject aid assist area view lenient assist area accept german author unjustifi descript aid restructur aid commiss conclud loan incompat treati commiss note tmw bankruptci wind busi confirm imposs restor firm long term viabil basi restructur plan commun german author vi care scrutini document transmit german author commiss consid fact issu success grant rescu aid evidenc natur purpos loan compat treati examin basi commiss note period cover loan juli februari loan grant amount month repay loan constitut liquid contract tab loan restrict amount need firm busi cover social secur cost routin oper loan warrant ground risk immin cessat payment firm unemploy workforc level busi firm illustr turnov scale rescu aid undu advers effect industri situat member state rescu aid loan compli condit set guidelin commiss conclud illeg aid compat treati qualifi exempt provid articl ec treati guidelin stipul rescu aid oper seri rescu case loan renew maintain statu quo postpon inevit time transfer attend industri social problem effici produc member state unaccept rescu aid hold oper mount limit period compani futur assess period aid enabl tmw remain busi juli begin gesamtvollstreckungsverfahren insolv proceed end septemb give total month guidelin stipul aid grant period gener exceed month commiss consid real restructur plan firm long term viabil restor drawn addit period firm busi loan lastli german author cite extern factor firm foreseen order justifi grant loan conclus aid grant illeg loan qualifi exempt provid articl ec treati aid cover provis promot long term develop region case instanc fact aid intend cover firm oper cost loss bring structur improv commiss add derog oper aid assist area authoris articl ec treati applic case notabl oper aid grant breach specif rule cover aid grant firm difficulti aid intend promot last balanc develop econom activ case lastli aid qualifi exempt provid articl treati compli principl set guidelin vii guidelin state commiss account special featur small medium size enterpris appli specif criteria tmw lead chang assess aid aid provid loan illeg incompat treati recov german author repay made accord procedur provis german law interest run date aid grant interest rate equal percentag date refer rate calcul net grant equival region aid germani adopt decis articl aid grant thüringer motorenwerk gmbh loan juli amount dem million illeg compat common market qualifi exempt provid articl ec treati articl aid grant thüringer motorenwerk gmbh loan februari amount dem million loan april amount dem million elig exempt provid articl incompat common market articl germani recov aid provid refer articl repay made accord procedur provis german law interest date aid grant interest rate equal percentag date refer rate calcul net grant equival region aid germani articl germani inform commiss month date notif decis measur compli therewith articl decis address feder republ germani brussel decemb commiss karel van miert member commiss oj oj footnot oj oj