91/144/EEC: Commission Decision of 2 May 1990 on aid granted by the Greek government to a cement manufacturer (Halkis Cement Company) (Only the Greek text is authentic)
The aids awarded by the Greek Government to Halkis Cement Company, by allowing its public enterprises and agencies not to collect their claims on this company and by allowing these claims to increase even further, are illegal, given that they have been awarded in breach of the rules set out in Article 93 (3) of the EEC Treaty. They are furthermore incompatible with the common market, as they do not fulfil the criteria for exemption provided for in Article 92 (2) or (3) of the EEC Treaty and must therefore be abolished.
The Greek Government shall on the other hand refrain from implementing its proposal to grant aid by transforming debts of this company into capital.
The Greek Government shall, by recovery, abolish the aid referred to in the first sentence of Article 1.
The Greek Government shall inform the Commission within three months of the date of notification of this Decision of the measures it has taken to comply herewith.
This Decision is addressed to the Hellenic Republic.
Done at Brussels, 2 May 1990.
For the Commission
Leon BRITTAN
Vice-President
(1) European Court Reports [1986], p. 2263.
(2) OJ No L 76, 22. 3. 1988, p. 18.
Source: EUR-Lex (Publications Office of the EU), Β© European Union, reuse permitted under Commission Decision 2011/833/EU.
