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There are currently no known outstanding effects for the Commission Decision of 25 September 2007 on State aid C 32/2006 (ex N 179/2006) implemented by Poland for Huta Cynku Miasteczko Śląskie SA (notified under document number C(2007) 4310) (Only the Polish version is authentic) (Text with EEA relevance) (2008/142/EC), Introductory Text.
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THE COMMISSION OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European Community, and in particular the first subparagraph of Article 88(2) thereof,
Having regard to the Agreement on the European Economic Area, and in particular Article 62(1)(a) thereof,
Having called on interested parties to submit their comments(1) pursuant to the provisions cited above and having regard to their comments,
Whereas:
I. PROCEDURE
II. DETAILED DESCRIPTION OF THE AID
the restructuring plan would result in the beneficiary's long-term viability being restored, as the restructuring was mainly financial and was based primarily on a composition agreement which had not been signed at the date on which the procedure was initiated. Moreover the problem of the major impact of exchange rate variations on the company’s financial results had not been sufficiently addressed;
the own contribution of the beneficiary to the coverage of restructuring costs was significant;
the compensatory measures were sufficient, as they consisted in a decrease of production capacity of only 0,7 %.
III. POLAND’S COMMENTS
IV. ASSESSMENT
V. CONCLUSION
HAS ADOPTED THIS DECISION:
All amounts provided by the Polish authorities in Polish zloty (PLN) have been converted into Euro (EUR) by using the exchange rate of 22 June 2007 of EUR 1 = PLN 3,7865.
See footnote 1.
See Case C-342/96 Spain v Commission, paragraph 46; Case C-256/97 DMT, paragraph 24; Case T-152/99 Hamsa, paragraph 168.
C(2007) 1405 (final). Available at http://ec.europa.eu/comm/competition/state_aid/register/ii/by_case_nr_c2005_0030.html#32
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