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Decision

88/167/EEC: Commission Decision of 7 October 1987 concerning Law 1386/1983 by which the Greek Government grants aid to Greek industry (Only the Greek text is authentic)

CELEX
Date of document
Articles
3
Source
EUR-Lex
Article 1

The Commission has no objections to the implementation of Law 1386/1983 subject to the conditions set out below:

1. The Greek Government shall, by 31 December 1987, amend the relevant provisions of Law 1386/1983 so as to bring it into conformity with Articles 25 et seq. and 29 et seq. of Directive 77/91/EEC.

2. The following conditions shall apply as long as the present conditions of Law 1386/1983 on the operations of the BRO apply. They shall continue to apply for any interventions of the BRO carried out before its proposed change of status and statutes.

(a) The Greek Government shall notify the individual cases of intervention in firms made subject to the law employing 300 or more persons in the case of non-sensitive branches and 100 or more persons in the case of sensitive branches;

(b) the Greek Government shall ensure that in all cases where companies are taken under control of the BRO pursuant to Law 1386/1983 there are no increases in capacity or combined capacity if companies are merged or taken over and that all necessary measures of restructuring are taken to ensure the viability of the firms in question;

(c) the Greek Government shall notify to the Commission pursuant to Article 93 (3) EEC any aid proposed under any other Greek aid scheme to firms subject to intervention by the BRO;

(d) the Greek Government shall ensure the compliance by the BRO with the specific aid policies applying to the steel, shipbuilding and synthetic fibre sectors.

Article 2

The Greek Government shall inform the Commission within two months of the notification of this Decision, of the measures it has taken to comply herewith.

Article 3

This Decision is addressed to the Hellenic Republic.

Done at Brussels, 7 October 1987.

For the Commission

Peter SUTHERLAND

Member of the Commission

(1) OJ No C 332, 24. 12. 1986, p. 2.

(1) OJ No L 26, 31. 1. 1977, p. 1.

(1) ECR 1980, p. 2671.

3 articles

Cite this act

88/167/EEC: Commission Decision of 7 October 1987 concerning Law 1386/1983 by which the Greek Government grants aid to Greek industry (Only the Greek text is authentic) (EUR-Lex). Retrieved via LawPlayer, https://lawplayer.com/eu/act/31988D0167

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