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PR(06)16: State Aid Guidelines: A new Chapter 34 on the setting of reference and discount rates is added

22.3.2006

The EFTA Surveillance Authority today decided to incorporate a new Chapter 34 on the method for setting the reference and discount rates into the Authority's State Aid Guidelines.

The reference and discount rates are used for situations other than for finding the interest rate in the case of recovery of unlawful state aid, for example when calculating the grant equivalent of investment aid and when calculating the aid element resulting from interest subsidy schemes for loans. The interest rate to be used in the case of recovery of unlawful state aid has its legal basis in the Authority's Decision No. 195/04/COL of 14 July 2004.

The EFTA Surveillance Authority will publish on its website the different rates – both the interest rates to be used in recovery situations and the reference and discount rates to be used for situations other than recovery of illegal aid – for each of the three EEA EFTAStates.

For further information, please contact:

Ms Siri Fjeld-Nielsen,
Competition & State aid Department,
Tel. (+32)(0)2 286 18 86

22 March 2006




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