Commission Decision of 6 November 2008 on State aid C 19/05 (ex N 203/05) granted by Poland to Stocznia Szczecińska (notified under document C(2008) 6770) (Only the Polish text is authentic) (Text with EEA relevance) (2010/3/EC)

Article 1 U.K.

The State aid described in recitals 187-201, which was unlawfully granted to SSN by Poland in breach of Article 88(3) of the EC Treaty, is incompatible with the common market.

Moreover, any advance payment guarantees granted to SSN by Poland in breach of Article 88(3) of the EC Treaty from 1 July 2007 up to the date of this Decision are incompatible with the common market.

Article 2 U.K.

With regard to the loans obtained from various public bodies as described in recitals 187-201, Poland shall recover aid equal to the difference, for the period between the grant and the reimbursement of the loan, between the interest rate actually paid by SSN and the interest rate at which the beneficiary could have obtained the loan on the market. In addition, if any of the loans has not been reimbursed by the time of this Decision, it must be reimbursed immediately.

Article 3 U.K.

With regard to the advance payment guarantees granted by KUKE as described in recitals 187-201, Poland shall recover aid equal to the difference, for the period between the granting and the expiry of the guarantee, between the guarantee premium paid by the beneficiary and the guarantee premium at which the beneficiary could have obtained the guarantee on the market. In addition, if any of these guarantees is active at the time of this Decision, it must be terminated immediately.

Article 4 U.K.

Article 3 also applies, mutatis mutandis, to any advance payment guarantees granted to SSN by Poland in breach of Article 88(3) of the EC Treaty from 1 July 2007 up to the date of this Decision.

Article 5 U.K.

With regard to the unenforced liabilities to various public bodies as described in recitals 187-201, Poland shall recover aid equal to the difference, for the period between the grant of the aid and the reimbursement of the public liability, between the interest rate actually paid by SSN and the interest rate at which the beneficiary could have obtained a postponement of the maturity of its liabilities from a market economy creditor. In addition, any outstanding public liabilities shall be repaid immediately.

Article 6 U.K.

With regard to the capital injections from various public bodies as described in recitals 187-201, Poland shall recover aid equal to the full amount of the capital injected.

Article 7 U.K.

1. Poland shall recover the aid from the beneficiary as laid down in Articles 2 to 6. The aid shall be recovered in accordance with the Guidelines explained in recitals 334-347.

2. The sums to be recovered shall bear interest from the date on which they were put at the disposal of SSN until their actual recovery.

3. The interest shall be calculated on a compound basis in accordance with Chapter V of Commission Regulation (EC) No 794/2004(1) and Commission Regulation (EC) No 271/2008(2), amending Regulation (EC) No 794/2004.

4. Poland shall cancel all outstanding payments of the aid referred to in Article 1 with effect from the date of notification of this Decision.

Article 8 U.K.

1. Recovery of the aid referred to in Article 1 shall be immediate and effective.

2. Poland shall ensure that this Decision is implemented within seven months of the date of notification of this Decision.

Article 9 U.K.

1. Within two months of notification of this Decision, Poland shall submit the following information to the Commission:

(a) the total amount (principal and recovery interest) to be recovered from the beneficiary;

(b) a detailed description of the measures already taken and planned to comply with this Decision;

(c) documents demonstrating that the beneficiary has been ordered to repay the aid;

(d) evidence that all the advance payment guarantees still active have been terminated.

2. Poland shall keep the Commission informed of subsequent national measures taken to implement this Decision until recovery of the aid referred to in Article 1 has been completed.

When the Commission so requests Poland shall immediately submit information on the measures already taken and planned to comply with this Decision.

It shall also provide detailed information concerning the amounts of aid and recovery interest already recovered from the beneficiary.

This Decision is addressed to Poland.

Done at Brussels, 6 November 2008.

For the Commission

Neelie Kroes

Member of the Commission