commiss decis aid grant germani bremer vulkan werft gmbh german text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof give notic parti concern accord abovement articl submit comment letter date august commiss inform germani decis open procedur pursuant articl treati respect contract relat aid grant bremer vulkan werft gmbh respect construct cruis vessel costa commiss decis open procedur publish offici journal european commun invit member state interest parti submit comment matter german govern gave reaction letter novemb januari march regist dai member state interest parti submit comment commiss letter august commiss inform germani decis open procedur pursuant articl treati respect contract relat aid intend bremer vulkan werft gmbh respect construct contain vessel commiss decis open procedur publish offici journal european commun invit member state interest parti submit comment matter german govern gave reaction letter januari march march regist march member state submit comment commiss ii cruis vessel costa april italian ship compani costa crocier bremer vulkan werft gmbh hereinaft refer bvw yard sign contract construct cruis vessel yard start work june deliveri plan end juli contract amount dm million time financi crisi bvw start autumn culmin bankruptci exacerb situat subcontractor drop requir prepay contract result yard cash loss dm million connect build contract land bremen provid construct financ guarante amount dm million collater commerci bank loan dm million supplementari guarante amount dm million back loan financ cost increas contract relat aid form grant total dm million commit competit aid wettbewerbshilf scheme letter german govern date april commiss learnt land bremen declar prepared provid loan dm million order cover addit cost attribut compromis reach creditor german govern grant loan interest rate secur complet ship land bremen honour guarante amount dm million argu bank agre provid time dm million complet ship recov deliveri commiss point revis contract data contract relat aid loan question amount intens contract aid percentag increas substanti account envisag loan commiss accept question argument land bremen act similar commerci bank provid fresh fund loan bank secur fulli paid sale ship knowledg commiss compar collater loan provid bremen govern commiss categor entir loan state aid total aid provid contract substanti exceed ceil aid regard consist council direct eec decemb aid shipbuild amend regul ec contain vessel contract relat aid favour bvw construct medium size teu contain vessel no work start origin deliv late late led open procedur time contract price ship dm million land bremen agre principl financ guarante favour bvw run construct period secur advanc payment interim payment shipown addit competit aid amount dm million commit contract guarante land wettbewerbshilf form contract relat product aid assess pursuant articl direct eec commiss decis open procedur plan guarante cover advanc interim payment shipown decid commiss februari aid land bremen construct guarante cover amount loan secur sale proce vessel cover cost product result heavi loss met compani residu asset commiss doubt financi arrang contract substanti state guarante consid compat common market iii govern member state perman represent provid commiss observ respect procedur contain vessel share commiss doubt compat aid argu aid regard compat common market event full partial closur yard reduct capac whilst yard continu activ suffici iv costa german govern commun commiss calcul cost price financi review reveal differ incom vessel contract price dm million competit aid dm million total dm million cost dm million amount dm million major part loss contract financ land bremen credit provid hibeg gmbh amount dm million amount repaid yard time deliveri vessel august latest credit repaid yard hibeg request administr bankruptci recogn credit liabil enter full list creditor claim german govern chanc hibeg receiv partial repay wind procedur germani request commiss treat aid exceed ceil contract relat aid closur aid mean articl direct eec regard contain vessel germani likewis propos state aid yard treat closur aid mean articl direct eec german govern notifi commiss aid contain vessel number guarante amount dm million interest cover advanc interim payment shipown period januari competit aid amount dm million total construct cost vessel stand dm million paid shipown dm million yard administr bankruptci dm million decemb administr invest dm million receiv deliveri vessel refund dm million limit contribut dm million competit aid paid administr effect reduc contribut amount vessel number advanc interim payment shipown period januari amount dm million guarante propos cover payment bank loan cover residu construct cost amount loan dm million guarante propos sum loan reimburs august deliveri vessel final german govern propos grant competit aid amount dm million decemb administr invest dm million construct vessel total cost dm million shipown pai dm million administr contribut dm million competit aid dm million reduc contribut amount differ cost incom dm million born land bremen claim germani complet vessel close link sens complet vessel consequ vessel led problem workforc approxim half work vessel subcontractor calcul price work ship dm million spent administr bankruptci award work contract dm million vessel roughli equal contract germani complet vessel result damag amount dm million vessel complet consequ german govern announc total closur bremer vulkan werft gmbh complet vessel work vessel hull costa ii sold owner august closur accord articl direct eec mean closur year period year anniversari closur germani wish reopen close yard obtain commiss prior approv germani entitl grant social aid pursuant articl direct eec receiv consent commiss administr bankruptci engag sell share bremer vulkan marineschiffbau gmbh subsidiari bremer vulkan verbund ag dock own yard friedrich lurssen werft gmbh germani behalf administr bankruptci assur dock activ qualifi shipbuild activ pursuant direct eec dock friedrich lurssen werft gmbh build naval vessel yacht fall direct germani ask commiss regard aid costa aid vessel no closur aid pursuant articl direct eec commiss accept closur bremer vulkan werft gmbh total closur mean articl direct eec articl direct eec stipul aid defrai normal cost result partial total closur shipbuild ship repair yard consid compat common market provid capac reduct result aid genuin irrevers natur order ensur irrevers natur aid closur member state concern close shipbuild facil remain close period year articl direct eec exhaust list cost elig closur aid illustr normal cost result partial total closur shipbuild yard cost mention explicitli articl direct eec consid elig aid long normal cost result closur yard view organ orderli closur yard take account supplier contractor involv substanti part construct carri substanti number suppli servic contract involv parti perform commiss recogn effort made social econom damag result closur cost complet vessel normal cost result closur amount intens aid justifi fact cost aid entail closur yard aid facilit complet withdraw shipbuild activ limit complet vessel decis open procedur commiss aid ceil exceed complet vessel event total closur order effect orderli closur avoid subsequ insolv subcontractor preced respect commiss decis aid closur french yard la ciotat approv aid complet ship construct closur aid mean articl direct eec bremer vulkan werft gmbh close august deliveri vessel closur genuin irrevers natur germani commit willing accept condit articl direct eec includ closur year yard total capac amount cgt figur repres maximum attain capac actual made clear closur yard result substanti reduct german shipbuild capac moment worker engag work vessel no order facilit orderli termin work avoid social unrest region bremen heavili affect process lai worker due bankruptci bremer vulkan verbund ag continu work month call sudden halt work vessel lead materi financi consequ subcontractor orderli withdraw view time loan total dm million costa grant loan sudden collaps yard attend consequ workforc subcontractor occur vessel complet led cancel order shipown land bremen honour guarante commit fact dock sold friedrich lurssen werft gmbh chang principl capac reduct genuin irrevers dock naval shipbuild yacht activ fall scope direct eec closur bremer vulkan werft gmbh recogn total closur mean articl direct eec case costa longer distinguish contract relat product aid closur aid aid iv consid closur aid exce aid ceil contract relat aid observ member state iii endors commiss decis contend aid regard compat case total closur adopt decis articl loan grant land bremen amount dm million made offset loss cruis vessel costa consid state aid mean articl ec treati guarante amount dm million dm million grant dm million likewis consid state aid mean articl ec treati state aid mention paragraph approv permit maximum contract relat product aid mean articl direct eec remain balanc approv closur aid mean articl direct articl guarante land bremen amount dm million grant dm million respect contain vessel consid state aid mean articl ec treati state aid mention paragraph approv closur aid mean articl direct eec articl guarante land bremen cover dm million dm million grant dm million defrai loss dm million financ land bremen respect contain vessel consid state aid mean articl ec treati state aid mention paragraph approv closur aid mean articl direct eec articl germani compli commit close bremer vulkan werft gmbh vegesack immedi complet vessel no termin work vessel germani inform commiss exact closur date closur place end august likewis inform commiss give reason delai germani adher fulli condit laid articl direct eec articl decis address feder republ germani brussel commiss karel van miert member commiss oj oj oj oj