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

EBRD and CIB Bank boost financing to businesses in Hungary

The EBRD is increasing the availability of financing to the real economy in Hungary, with a €50 million credit line to CIB Bank, including at least €10 million equivalent denominated in Hungarian Forint. more »

Bank SNORAS deposit portfolio exceeded LTL 5 billion

At the end of March 2010, AB Bank SNORAS deposit portfolio exceeded LTL 5 billion, of which over LTL 3 billion are household deposits. more »

Outstanding Development Results Gain Vietnam Additional Support

In affirmation of Vietnam’s remarkable progress towards Middle Income Country status, the World Bank Board of Directors today approved a second loan for Vietnam from the International Bank of Reconstruction and Development (IBRD). more »

World Bank Loan to Help Improve Efficiency of the Croatian Justice System

The World Bank today approved a EUR26 million loan to the Republic of Croatia aimed at further improving the efficiency of Croatia’s justice system − a necessary process in Croatia’s path towards successful European Union accession. more »

ACP-EU Assembly calls for support to banana producers and strengthening of sanctions against Madagascar

The ACP-EU Joint Parliamentary Assembly asked the European Commission to help EU and ACP banana producers adapt to the new EU-Latin America trade agreement, which is expected to put an end to fifteen years of “banana wars” between the two continents, but has raised concerns for the livelihood of some regions' producers. more »

“Africa’s Golden Moment Has Come,” Says World Bank Vice President for Africa

As seventeen of Africa’s 53 nations celebrate 50 years of independence in 2010, Africa’s “golden moment has come” and investors around the globe must look to the continent often painted only as risk-prone if they are to capitalize on business opportunities. more »

The approval of AB Bank SNORAS profit distribution

During the ordinary general shareholders’ meeting of AB Bank SNORAS, which took place on 31st March 2010, the bank’s profit distribution was approved. more »

Out of the crisis: a "real" economy and world governance system

The EU is the world's largest economy, with enough international clout to return to "real capitalism" rather than resign itself to an alien "financial capitalism", concluded MEPs and experts at a public hearing held on Thursday by Parliament's special committee on the crisis. more »

Giancarlo Scottà on food quality and country origin labels

Food quality and labelling are likely to be key issues when the Common Agriculture Policy is overhauled in the coming years. more »

EIB supports Russia’s power generation sector with EUR 250 million to contribute to energy efficiency and emission reduction

The European Investment Bank (EIB) is lending EUR 250 million to Russian company Enel OGK-5 to finance the upgrading of a gas fired power plant located in Nevinnomyssk, South Russia. more »