Commission statement on aid for Opel Europe

Published: 23 September 2009 y., Wednesday

Ant automobilio „Opel“ emblemos nukritę rudeniniai lapai
The European Commission has repeatedly underlined that the restructuring plan of new Opel Europe must guarantee that the company will be viable in the future. Any financial support by public authorities must fully comply with the EU's state aid and internal market rules.

The European Commission has already stated that it will carefully examine whether the German authorities have attached – de jure or de facto - additional non-commercial conditions to their aid for New Opel concerning the location of investments and/or the geographic distribution of restructuring measures. The Commission will also examine indications that negotiations are taking place with a number of European governments concerning financial support linked to the number of workers finally retained by New Opel in each Member State, and is in touch with the relevant national authorities.

The European Commission will not accept that State aid granted under the Temporary Framework is conditional upon the implementation of a specific business plan, previously discussed and/or negotiated with Member States, which defines the geographic distribution of restructuring measures, without leaving to the beneficiary undertakings the possibility to revise their plans if necessary.

State funding under the Temporary Framework is meant to tackle the financing problems due to the credit crunch, and cannot be used to impose political constraints concerning the location of production activities within the internal market. The beneficiary undertakings must therefore retain full freedom to develop their economic activities in the internal market.


 

Šaltinis: europa.eu
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

“Business Ambassador 2008” nomination established this year was awarded to V. Ušackas

AB Bank SNORAS, being the patron of the “Partnership Leader” nomination of the International trading palace ICC Lietuva (hereinafter - ICC Lietuva), this year initiated a special prize - “Business Ambassador”. more »

New report says ATM consolidation will continue, ATM transaction volumes will rise

Tremont Capital Group, an ATM-industry consultancy that works closely with the ATM Industry Association, has released its 2009 ATM Industry Fact Sheet, which summarizes the history and current state of the ATM industry. more »

UniCredit is “Best Trade Finance Provider 2009” in CEE, Austria and Poland and “Best Bank for Payments & Collections in CEE 2009”

The renowned magazine “Global Finance” has named the UniCredit Group as the “Best Trade Finance Provider 2009” in CEE, Austria and Poland as well as “Best Bank for Payments & Collections in CEE 2009”. more »

During last year AB Bank SNORAS group earned LTL 41.7 million profit

AB Bank SNORAS group, which comprises AB Bank SNORAS, AB “Latvijas Krājbanka” operating in Latvia and 19 other companies, during last year, according to unaudited data, earned LTL 41.7 million profit. more »

Parex banka to expand relationship with American Express

At a meeting this week, Nils Melngailis, the Chairman of Parex banka, and Alex M Furber, American Express Vice President in Central and Eastern Europe, agreed to explore further options for co-operation. more »

DnB NORD Bankas’ strategic initiative - to become financial guide to its customers

The country’s residents wish to have a clear understanding of financial services they use and are ready to make their final decision only when the advantages or disadvantages of each option is evident to them. more »

Thales selects degaussing specialists for Lithuanian minehunter contrac

Thales UK`s naval business recently announced the signature of an important sub-contract with Swedish company Polyamp AB for the supply of mine warfare degaussing systems for its new Lithuanian warship reactivation programme. more »

Stanford clients swarm banks

Hundreds of anxious depositors are rushing to pull out their money from banks affiliated with the Texas billionaire Allen Stanford accused of fraud. more »

MEPs set to back VAT cut for everyday items

VAT cuts for things like household repairs, care services, audio books and beauty treatments are likely to be backed by MEPs on Thursday. more »

MEPs set to back international whaling ban

MEPs are calling for tough new measures to be taken against whaling. more »