Browse by year:


Other

PR(02)28: The EFTA Surveillance Authority adopts new State aid Guidelines

18.12.2002

The Authority has today adopted three new State aid Guidelines: Multisectoral framework on regional aid for large investment projects, Rescue and restructuring aid and closure aid for the steel sector as well as Methodology for analysing State aid linked to stranded costs in  the electricity sector. The decisions contain appropriate measures addressed to the EFTA States and correspond to frameworks previously adopted by the European Commission.

The new Multisectoral Framework only applies to regional aid that aims to promote initial investment, including job creation linked to initial investment. The purpose of the new framework is to limit the amount of aid to a level that avoids as much as possible adverse sectoral effects caused by the project. Regional investment aid concerning investments above EUR 50 million are i.a. subject to adjusted lower regional aid ceilings. The new Framework incorporates the existing guidelines on aid to the synthetic fibres industry and aid to the motor vehicle industry.

The new Guidelines on Rescue and restructuring aid and closure aid for the steel sector prohibits rescue and restructuring aid for the steel sector, but allows closure aid subject to certain requirements. All plans to grant aid for rescuing and restructuring firms in difficulty belonging to the steel industry and for closure aid to that sector shall be notified individually to the Authority.

The Methodology for analysing State aid linked to stranded costs sets out the principles on which the Authority will assess the compatibility with the EEA Agreement of State aid designed to compensate for long-term investments or commitments that were made by electricity companies when the electricity market was a closed market and have become non-economical as a result of the liberalisation of the sector.

For further information please contact Amund Utne on tel. +32-2-286 18 50 or Rolf Egil Tønnessen on tel. +32-2-286 18 56.

18 December 2002




Other EEA Institutions


imgbanner3
This website is built with Eplica CMS