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State Aid

PR(08)25: Iceland fails to implement the Transparency Directive


The EFTA Surveillance Authority has decided to send a reasoned opinion to Iceland for failure to adopt the measures necessary to implement Commission Directive 2006/111/EC of 16 November 2006 on the transparency of financial relations between Member States and public undertakings as well as on financial transparency within certain undertakings.

The Transparency Directive clarifies that companies receiving compensation and operating on both public service and other markets must have separate accounts for their different activities, so that the absence of over-compensation can be established.

Iceland should have implemented the Directive by 9 June 2007.

The purpose of the Authority's reasoned opinion is to give the State in question a last chance to take corrective measures before the Authority decides whether to bring the matter before the EFTA Court. Iceland has been given three months to take the measures necessary to comply with the reasoned opinion.

For further information, please contact:

Ms Marie Wiersholm
Competition & State Aid Directorate
tel. (+32)(0)2 286 18 65


28 May 2008

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